Why Corning Stock Declined 3.6% in 2019
Shares of Corning (NYSE: GLW) declined 3.6% in 2019, according to data from S&P Global Market Intelligence, trailing far behind the S&P 500's impressive 29% gain.
To be fair, the glass-centric tech stock started the year on a high note, rising 15% through the end of February on the heels of its strong fourth-quarter 2018 report. But Corning all but gave up those gains after its subsequent quarterly updates showed headwinds impeding the growth of its core optical communications segment.
IMAGE SOURCE: CORNING.
Source Fool.com
