Procter & Gamble – Plug Power Inc. stock falls Wednesday, underperforms market
Shares of Plug Power Inc.
plunged 10.19% to $43.81 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index
falling 2.70% to 12,997.75 and Dow Jones Industrial Average
falling 0.39% to 31,270.09. This was the stock’s second consecutive day of losses. Plug Power Inc. closed $31.68 short of its 52-week high ($75.49), which the company achieved on January 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Automatic Data Processing Inc.
fell 0.26% to $174.49, Procter & Gamble Co.
fell 0.60% to $123.16, and Lowe’s Cos.
fell 2.92% to $158.29. Trading volume (26.1 M) remained 16.7 million below its 50-day average volume of 42.8 M.