Corning Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Corning Inc. (GLW) slid 2.03% to $33.26 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's fourth consecutive day of losses. Corning Inc. closed $5.45 short of its 52-week high ($38.71), which the company reached on March 25th.
The stock underperformed when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. (TMO) fell 1.70% to $543.83 and Danaher Corp. (DHR) fell 1.59% to $239.75. Trading volume (3.2 M) remained 1.1 million below its 50-day average volume of 4.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 16:57 ET (21:57 GMT)
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