Plug Power Inc. shares fall on Thursday, underperforming market

Plug Power Inc. PLUG shares,
-10.67%
fell -11% from 10.67% to $ 50.23 on Thursday, in what proved to be a rough trading session for the stock market, with the NASDAQ Composite Index COMP,
-0.72%
falling 0.72% to 13,865.36 and the Dow Jones Industrial Average DJIA,
-0.38%
falling 0.38% to 31,493.34. This was the sixth consecutive day of losses from the stock. Plug Power Inc. closed $ 25.26 below its 52-week high ($ 75.49), which the company hit on January 26.

The stock underperformed some of its competitors on Thursday, such as Automatic Data Processing Inc. ADP,
+ 3.27%
rose 3.27% to $ 172.60, Procter & Gamble Co. PG,
+ 0.83%
rose 0.83% to $ 129.53, and Lowe’s Cos. LOW,
+ 0.02%
rose 0.02% to $ 177.16. Turnover (33.8 M) remained 8.3 million below its average 50-day volume of 42.1 M.

Editor’s note: this story was automatically generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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