Corning, Inc’s recently made public that its Retired Sr VP & GM, Opt Comm. Bell Michael Alan unloaded Company’s shares for reported $0.89 million on Apr 30 ’25. In the deal valued at $44.06 per share,20,262 shares were sold. As a result of this transaction, Bell Michael Alan now holds 0 shares worth roughly $0.0.
Then, Michael Bell bought 20,262 shares, generating $892,637 in total proceeds.
Before that, WEEKS WENDELL P sold 55,831 shares. Corning, Inc shares valued at $2,797,853 were divested by the Chairman and CEO at a price of $50.11 per share. As a result of the transaction, WEEKS WENDELL P now holds 762,820 shares, worth roughly $34.39 million.
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 Friday, Corning, Inc [NYSE:GLW] saw its stock jump 0.07% to $45.08. Over the last five days, the stock has lost -1.49%. Corning, Inc shares have fallen nearly -5.13% since the year began. Nevertheless, the stocks have risen 34.89% over the past one year. While a 52-week high of $55.33 was reached on 01/29/25, a 52-week low of $33.94 was recorded on 04/07/25. SMA at 50 days reached $44.84, while 200 days put it at $46.00.
Levels Of Support And Resistance For GLW Stock
The 24-hour chart illustrates a support level at 44.75, which if violated will result in even more drops to 44.41. On the upside, there is a resistance level at 45.49. A further resistance level may holdings at 45.90. The Relative Strength Index (RSI) on the 14-day chart is 54.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.24%. Stochastics %K at 82.50% indicates the stock is a selling.
