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These Numbers Show Favorable Signs for Corning, Inc. (GLW)

Corning, Inc. (NYSE: GLW) is 2.69% higher on its value in year-to-date trading and has touched a low of $25.26 and a high of $36.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GLW stock was last observed hovering at around $30.91 in the last trading session, with the day’s gains setting it 0.36%.

Currently trading at $31.27, the stock is -2.84% and -3.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.64 million and changing 1.16% at the moment leaves the stock 0.61% off its SMA200. GLW registered -8.03% loss for a year compared to 6-month gain of 13.30%.

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The stock witnessed a -4.29% loss in the last 1 month and extending the period to 3 months gives it a 2.73%, and is -0.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.52% over the month.

Corning, Inc. (GLW) has around 49800 employees, a market worth around $26.75B and $12.59B in sales. Current P/E ratio is 46.26 and Fwd P/E is 14.49. Profit margin for the company is 4.62%. Distance from 52-week low is 23.79% and -13.18% from its 52-week high. The company has generated returns on investments over the last 12 months (2.96%).

The EPS is expected to grow by 10.06% this year.

Corning, Inc. (GLW) Top Institutional Holders

The shares outstanding are 820.00M, and float is at 772.34M with Short Float at 1.49%.

Corning, Inc. (GLW) Insider Activity

The most recent transaction is an insider sale by McRae Lawrence D,the company’sRetired Vice Chairman. SEC filings show that McRae Lawrence D sold 77,464 shares of the company’s common stock on Mar 21 ’24 at a price of $33.24 per share for a total of $2.58 million. Following the sale, the insider now owns 0.22 million shares.

Corning, Inc. disclosed in a document filed with the SEC on Feb 29 ’24 that Bayne John P JR (SVP &GM, Mobile Consumer Elec.) sold a total of 4,086 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $32.21 per share for $0.13 million. Following the transaction, the insider now directly holds 0.0 shares of the GLW stock.

Still, SEC filings show that on Feb 21 ’24, Fang Li (SVP, Corning Intl & NBD, Solar) disposed off 8,480 shares at an average price of $32.34 for $0.27 million. The insider now directly holds 0 shares of Corning, Inc. (GLW).

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