Procter & Gamble – Plug Power Inc. stock underperforms Thursday when compared to competitors
Shares of Plug Power Inc.
tumbled 13.60% to $43.34 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
falling 3.52% to 13,119.43 and Dow Jones Industrial Average
falling 1.75% to 31,402.01. Plug Power Inc. closed $32.15 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 Thursday, as Automatic Data Processing Inc.
fell 0.62% to $175.53, Procter & Gamble Co.
fell 0.85% to $126.58, and Lowe’s Cos.
fell 2.34% to $158.52. Trading volume (38.0 M) remained 4.5 million below its 50-day average volume of 42.5 M.