Published on 10 May 2022 on Market Watch
iBio Inc. stock outperforms competitors despite losses on the day
Shares of iBio Inc. slid 0.04% to $0.27 Monday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 4.29% to 11,623.25 and Dow Jones Industrial Average falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. iBio Inc. closed $1.51 short of its 52-week high ($1.78), which the company achieved on May 10th.
Despite its losses, the stock outperformed some of its competitors Monday, as Novanta Inc. fell 5.75% to $116.99, Diebold Nixdorf Inc. fell 3.29% to $3.82, and GoPro Inc. fell 9.79% to $6.45.true Trading volume (2.3 M) remained 22,955 below its 50-day average volume of 2.3 M.