The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Corning, Inc shares valued at $1,557,738 were sold by Musser Eric S on Jan 31 ’25. At $51.92 per share, Musser Eric S sold 30,000 shares. The insider’s holdings dropped to 152,944 shares worth approximately $8.15 million following the completion of this transaction.
Also, Bell Michael Alan sold 2,209 shares, netting a total of over 110,165 in proceeds. Following the sale of shares at $49.87 each, the insider now holds 0 shares.
Before that, Eric Musser had added 30,000 shares to its account. In a trade valued at $1,557,600, the Officer bought Corning, Inc shares for $51.92 each.
As published in a research note from HSBC Securities on January 30, 2025, Corning, Inc [GLW] has been rated up from a Hold to a Buy and the price target has been revised to $60 from $51. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late August. As of July 31, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for GLW. Earlier on July 09, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Hold” for GLW stock which previously was a “a Reduce”.
Analyzing GLW Stock Performance
During the last five days, there has been a surge of approximately 7.01%. Over the course of the year, Corning, Inc shares have jumped approximately 12.14%. Shares of the company reached a 52-week high of $55.33 on 01/29/25 and a 52-week low of $46.19 on 01/13/25. A 50-day SMA is recorded $49.02, while a 200-day SMA reached $43.14. Nevertheless, trading volume fell to 5.67 million shares from 4.5 million shares the previous day.
Support And Resistance Levels for Corning, Inc (GLW)
According to the 24-hour chart, there is a support level at 52.43, which, if violated, would cause prices to drop to 51.57. In the upper region, resistance lies at 53.86. The next price resistance is at 54.42. RSI (Relative Strength Index) is 61.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 30.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
