Corning, Inc. (NYSE: GLW) is 33.76% 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 $40.61 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $40.73, the stock is 1.09% and 0.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing 0.30% at the moment leaves the stock 20.16% off its SMA200. GLW registered 26.69% gain for a year compared to 6-month gain of 26.14%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -8.08% loss in the last 1 month and extending the period to 3 months gives it a 14.67%, and is 2.41% up 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 1.47% over the week and 2.11% over the month.
Corning, Inc. (GLW) has around 49800 employees, a market worth around $34.85B and $12.39B in sales. Current P/E ratio is 80.37 and Fwd P/E is 17.92. Profit margin for the company is 3.53%. Distance from 52-week low is 61.24% and -12.20% 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
1601.0 institutions hold shares in Corning, Inc. (GLW), with institutional investors hold 81.62% of the company’s shares. The shares outstanding are 820.00M, and float is at 774.72M with Short Float at 1.87%. Institutions hold 74.00% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 97.45 million shares valued at $3.21 billion. The investor’s holdings represent 11.4377 of the GLW Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 60.05 million shares valued at $1.98 billion to account for 7.0484 of the shares outstanding. The other top investors are STATE STREET CORP which holds 32.58 million shares representing 3.8242 and valued at over $1.07 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 3.5178 of the shares totaling 29.97 million with a market value of $987.86 million.
Corning, Inc. (GLW) Insider Activity
Corning, Inc. disclosed in a document filed with the SEC on Aug 13 ’24 that Zhang John Z (SVP&GM Display, MCE & Asia) sold a total of 12,918 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $39.73 per share for $0.51 million. Following the transaction, the insider now directly holds 0.0 shares of the GLW stock.
Still, SEC filings show that on Aug 13 ’24, Curran Martin J (Retired Executive VP) disposed off 2,431 shares at an average price of $39.60 for $96269.0. The insider now directly holds 0 shares of Corning, Inc. (GLW).
