In a filing, Corning, Inc. revealed its Exec. VP & Chief Strategy Off Evenson Jeffrey W unloaded Company’s shares for reported $3.43 million on May 06 ’24. In the deal valued at $33.19 per share,103,437 shares were sold. As a result of this transaction, Evenson Jeffrey W now holds 70,110 shares worth roughly $2.34 million.
Then, Curran Martin J sold 16,416 shares, generating $553,285 in total proceeds. Upon selling the shares at $33.70, the Exec. VP & Innovation Officer now owns 65,598 shares.
Before that, Zhang John Z sold 12,546 shares. Corning, Inc. shares valued at $419,302 were divested by the SVP&GM Display, MCE & Asia at a price of $33.42 per share. As a result of the transaction, Zhang John Z now holds 11,355 shares, worth roughly $0.38 million.
Mizuho initiated its Corning, Inc. [GLW] rating to a Neutral in a research note published on May 07, 2024; the price target was $36. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in early April has reiterated a ‘”a Neutral”‘ rating for it. HSBC Securities also remained covering GLW and has decreased its forecast on February 01, 2024 with a “Reduce” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on October 25, 2023. It rated GLW as “a Hold” which previously was an “a Buy”.
Price Performance Review of GLW
On Tuesday, Corning, Inc. [NYSE:GLW] saw its stock fall -0.06% to $33.42. Over the last five days, the stock has gained 0.12%. Corning, Inc. shares have risen nearly 9.75% since the year began. Nevertheless, the stocks have risen 6.16% over the past one year. While a 52-week high of $36.01 was reached on 04/30/24, a 52-week low of $25.26 was recorded on 01/17/24. SMA at 50 days reached $32.39, while 200 days put it at $30.95. A total of 4.0 million shares were traded, compared to the trading of 6.96 million shares in the previous session.
Levels Of Support And Resistance For GLW Stock
The 24-hour chart illustrates a support level at 33.31, which if violated will result in even more drops to 33.19. On the upside, there is a resistance level at 33.60. A further resistance level may holdings at 33.77. The Relative Strength Index (RSI) on the 14-day chart is 64.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.00%. Stochastics %K at 74.84% indicates the stock is a holding.
