In a filing, Corning, Inc revealed its Officer Curran Martin J acquired Company’s shares for reported $0.49 million on Nov 12 ’24. In the deal valued at $47.98 per share,10,200 shares were bought.
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Then, Bayne John P JR bought 5,000 shares, generating $242,400 in total proceeds.
Before that, STEVERSON LEWIS A sold 16,079 shares. Corning, Inc shares valued at $774,241 were divested by the EVP and CLAO at a price of $48.15 per share. As a result of the transaction, STEVERSON LEWIS A now holds 16,646 shares, worth roughly $0.8 million.
Mizuho upgraded its Corning, Inc [GLW] rating to an Outperform from a a Neutral in a research note published on August 21, 2024; the price target was increased to $47 from $44. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. HSBC Securities also remained covering GLW and has increased its forecast on July 09, 2024 with a “Hold” recommendation from previously “Reduce” rating. Fox Advisors revised its rating on June 17, 2024. It rated GLW as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of GLW
On Tuesday, Corning, Inc [NYSE:GLW] saw its stock fall -1.23% to $48.32. Over the last five days, the stock has gained 2.20%. Corning, Inc shares have risen nearly 58.69% since the year began. Nevertheless, the stocks have risen 74.57% over the past one year. While a 52-week high of $51.03 was reached on 10/29/24, a 52-week low of $27.41 was recorded on 01/17/24. SMA at 50 days reached $45.39, while 200 days put it at $38.52.
Levels Of Support And Resistance For GLW Stock
The 24-hour chart illustrates a support level at 47.86, which if violated will result in even more drops to 47.41. On the upside, there is a resistance level at 48.87. A further resistance level may holdings at 49.42. The Relative Strength Index (RSI) on the 14-day chart is 58.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.99%. Stochastics %K at 50.90% indicates the stock is a holding.
How much short interest is there in Corning, Inc?
A steep rise in short interest was recorded in Corning, Inc stocks on 2024-10-15, growing by 0.48 million shares to a total of 11.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.68 million shares. There was a rise of 4.28%, which implies that there is a positive sentiment for the stock.
