Corning Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Corning Inc. (GLW) sank 0.57% to $33.07 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.15% to 3,855.76 and Dow Jones Industrial Average falling 0.28% to 31,819.14. This was the stock's fifth consecutive day of losses. Corning Inc. closed $5.64 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 Monday, as Thermo Fisher Scientific Inc. (TMO) fell 0.42% to $541.56 and Danaher Corp. (DHR) rose 0.27% to $240.39. Trading volume (3.7 M) remained 691,318 below its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.
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March 13, 2023 16:58 ET (20:58 GMT)
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