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 $892,768 were sold by Bell Michael Alan on Apr 30 ’25. At $44.06 per share, Bell Michael Alan sold 20,262 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Michael Bell purchased 20,262 shares, netting a total of over 892,637 in proceeds.
Before that, WEEKS WENDELL P had sold 55,831 shares from its account. In a trade valued at $2,797,853, the Chairman and CEO traded Corning, Inc shares for $50.11 each. Upon closing the transaction, the insider’s holdings decreased to 55,831 shares, worth approximately $34.16 million.
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 2.05%. Over the course of the year, Corning, Inc shares have dropped approximately -5.77%. Shares of the company reached a 52-week high of $55.33 on 01/29/25 and a 52-week low of $37.31 on 04/07/25. A 50-day SMA is recorded $45.48, while a 200-day SMA reached $46.00.
Support And Resistance Levels for Corning, Inc (GLW)
According to the 24-hour chart, there is a support level at 44.49, which, if violated, would cause prices to drop to 44.20. In the upper region, resistance lies at 45.18. The next price resistance is at 45.58. RSI (Relative Strength Index) is 54.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 10.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
