DJ Plug Power Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Plug Power Inc. $(PLUG)$ slumped 0.97% to $2.04 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.60% to 18,291.62 and the Dow Jones Industrial Average rising 1.03% to 42,512.00.
This was the stock's second consecutive day of losses.
Plug Power Inc. closed $5.86 below its 52-week high ($7.90), which the company achieved on October 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Air Products & Chemicals Inc. $(APD)$ rose 1.16% to $313.97, Procter & Gamble Co. $(PG)$ rose 0.66% to $169.27, and Ballard Power Systems Inc. $(BLDP)$ remained unchanged.
Trading volume (35.8 M) remained 2.0 million below its 50-day average volume of 37.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 9, 2024.
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(END) Dow Jones Newswires
October 09, 2024 17:31 ET (21:31 GMT)
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