Shares of iBio Inc.
slipped 5.73% to $0.88 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
rising 1.73% to 14,823.43 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. This was the stock's second consecutive day of losses. iBio Inc. closed $1.95 short of its 52-week high ($2.83), which the company achieved on February 10th.
The stock underperformed when compared to some of its competitors Thursday, as Novanta Inc.
rose 2.06% to $162.96, Diebold Nixdorf Inc.
rose 3.93% to $10.59, and GoPro Inc.
rose 1.12% to $9.02. Trading volume (6.6 M) eclipsed its 50-day average volume of 2.7 M.