Corning Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Corning Inc. (GLW) slid 2.67% to $32.77 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Corning Inc. closed $5.94 below its 52-week high ($38.71), which the company reached on March 25th.
The stock underperformed when compared to some of its competitors Wednesday, as Thermo Fisher Scientific Inc. (TMO) fell 0.43% to $554.32 and Danaher Corp. (DHR) fell 0.83% to $246.31. Trading volume (4.1 M) remained 264,253 below its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:57 ET (20:57 GMT)
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