Corning, Inc’s recent filing unveils that its Exec. Vice President and CFO Schlesinger Edward A unloaded Company’s shares for reported $0.22 million on Feb 19 ’25. In the deal valued at $52.82 per share,4,137 shares were sold. As a result of this transaction, Schlesinger Edward A now holds 76,674 shares worth roughly $3.81 million.
Then, Zhang John Z sold 14,111 shares, generating $744,757 in total proceeds. Upon selling the shares at $52.78, the SVP&GM Glass Innov. & Asia now owns 0 shares.
Before that, Edward Schlesinger bought 4,137 shares. Corning, Inc shares valued at $218,513 were divested by the Officer at a price of $52.82 per share.
HSBC Securities upgraded its Corning, Inc [GLW] rating to a Buy from a a Hold in a research note published on January 30, 2025; the price target was increased to $60 from $51. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “an Outperform”. Deutsche Bank also remained covering GLW and has increased its forecast on July 31, 2024 with a “Buy” recommendation from previously “Hold” rating. HSBC Securities revised its rating on July 09, 2024. It rated GLW as “a Hold” which previously was an “a Reduce”.
Price Performance Review of GLW
On Tuesday, Corning, Inc [NYSE:GLW] saw its stock fall -2.19% to $49.67. Over the last five days, the stock has lost -6.09%. Corning, Inc shares have risen nearly 4.52% since the year began. Nevertheless, the stocks have risen 51.94% over the past one year. While a 52-week high of $55.33 was reached on 01/29/25, a 52-week low of $30.72 was recorded on 01/13/25. SMA at 50 days reached $49.91, while 200 days put it at $44.42.
Levels Of Support And Resistance For GLW Stock
The 24-hour chart illustrates a support level at 48.96, which if violated will result in even more drops to 48.24. On the upside, there is a resistance level at 50.58. A further resistance level may holdings at 51.48. The Relative Strength Index (RSI) on the 14-day chart is 41.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.92%. Stochastics %K at 16.40% indicates the stock is a buying.
