Published on 28 Sep 2022 on Market Watch
iBio Inc. stock falls Wednesday, underperforms market
Shares of iBio Inc. plummeted 32.28% to $0.21 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 2.05% to 11,051.64 and the Dow Jones Industrial Average rising 1.88% to 29,683.74. This was the stock's fifth consecutive day of losses. iBio Inc. closed $0.92 below its 52-week high ($1.13), which the company achieved on September 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Novanta Inc. rose 2.91% to $121.89, Diebold Nixdorf Inc. rose 4.00% to $2.86, and GoPro Inc. rose 3.64% to $5.13. Trading volume (8.5 M) eclipsed its 50-day average volume of 1.7 M.