Corning, Inc. (NYSE: GLW) is 26.27% higher on its value in year-to-date trading and has touched a low of $25.26 and a high of $46.39 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 $38.61 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $38.45, the stock is -8.96% and -4.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing -0.41% at the moment leaves the stock 14.97% off its SMA200. GLW registered 18.09% gain for a year compared to 6-month gain of 21.18%.
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The stock witnessed a -14.65% loss in the last 1 month and extending the period to 3 months gives it a 12.43%, and is -1.26% 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 2.11% over the week and 2.17% over the month.
Corning, Inc. (GLW) has around 49800 employees, a market worth around $32.90B and $12.39B in sales. Current P/E ratio is 75.87 and Fwd P/E is 16.92. Profit margin for the company is 3.53%. Distance from 52-week low is 52.22% and -17.12% from its 52-week high. The company has generated returns on investments over the last 12 months (2.39%).
The EPS is expected to grow by 12.47% this year.
Corning, Inc. (GLW) Top Institutional Holders
The shares outstanding are 820.00M, and float is at 772.99M with Short Float at 1.87%.
Corning, Inc. (GLW) Insider Activity
Corning, Inc. disclosed in a document filed with the SEC on Jul 31 ’24 that Evenson Jeffrey W (Exec. VP & Chief Strategy Off) sold a total of 55,280 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $40.29 per share for $2.23 million. Following the transaction, the insider now directly holds 2000.0 shares of the GLW stock.
Still, SEC filings show that on Jun 05 ’24, Evenson Jeffrey W (Exec. VP & Chief Strategy Off) disposed off 12,830 shares at an average price of $37.39 for $0.48 million. The insider now directly holds 57,280 shares of Corning, Inc. (GLW).
