Corning Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Corning Inc. (GLW) rose 1.48% to $33.56 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. The stock's rise snapped a five-day losing streak. Corning Inc. closed $5.15 short of its 52-week high ($38.71), which the company achieved on March 25th.
The stock underperformed when compared to some of its competitors Tuesday, as Thermo Fisher Scientific Inc. (TMO) rose 2.73% to $555.96 and Danaher Corp. (DHR) rose 1.86% to $244.85. Trading volume (4.1 M) remained 275,722 below its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:36 ET (00:36 GMT)
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