Corning, Inc’s recently made public that its Chairman and CEO WEEKS WENDELL P unloaded Company’s shares for reported $2.8 million on Feb 28 ’25. In the deal valued at $50.11 per share,55,831 shares were sold. As a result of this transaction, WEEKS WENDELL P now holds 762,820 shares worth roughly $36.06 million.
Then, WEEKS WENDELL P sold 44,169 shares, generating $2,210,111 in total proceeds. Upon selling the shares at $50.04, the Chairman and CEO now owns 818,651 shares.
Before that, Wendell P. Weeks bought 100,000 shares. Corning, Inc shares valued at $5,015,000 were divested by the Chairman and CEO at a price of $50.15 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 jump 0.87% to $47.27. Over the last five days, the stock has gained 5.25%. Corning, Inc shares have fallen nearly -0.53% since the year began. Nevertheless, the stocks have risen 45.31% 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 03/07/25. SMA at 50 days reached $49.72, while 200 days put it at $45.30.
Levels Of Support And Resistance For GLW Stock
The 24-hour chart illustrates a support level at 46.41, which if violated will result in even more drops to 45.55. On the upside, there is a resistance level at 48.21. A further resistance level may holdings at 49.15. The Relative Strength Index (RSI) on the 14-day chart is 45.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.23%. Stochastics %K at 42.89% 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 2025-02-28, growing by 2.63 million shares to a total of 12.18 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 9.55 million shares. There was a rise of 21.61%, which implies that there is a positive sentiment for the stock.
