Published on 14 Oct 2022 on Market Watch
iBio Inc. stock underperforms Friday when compared to competitors
Shares of iBio Inc. slid 6.36% to $2.21 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 3.08% to 10,321.39 and Dow Jones Industrial Average falling 1.34% to 29,634.83. This was the stock's eighth consecutive day of losses. iBio Inc. closed $22.44 below its 52-week high ($24.65), which the company achieved on November 4th.
The stock underperformed when compared to some of its competitors Friday, as Novanta Inc. fell 2.91% to $114.24, Diebold Nixdorf Inc. fell 2.68% to $2.54, and GoPro Inc. fell 0.39% to $5.13. Trading volume (248,745) eclipsed its 50-day average volume of 101,884.