Corning Incorporated (GLW) has risen sharply, recording gains of 2.03% in the past 4 weeks. However, the stock has corrected -0.44% in the past 1 week, providing a good buying opportunity on dips. Corning Incorporated (GLW) : Traders are bullish on Corning Incorporated (GLW) as it has outperformed the S&P 500 by a wide margin of 2.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.22%, relative to the S&P 500.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.11% and the fifty day Moving Average is 5.27%. Corning Inc. is up 10.53% in the last three month period. Year-to-Date the stock performance stands at 25.77%.
Corning Incorporated (GLW) : The highest short term price target forecast on Corning Incorporated (GLW) is $23 and the lowest target price is $15. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $18.88 with a standard deviation of $3.28.
Corning Incorporated (NYSE:GLW): On Fridays trading session , Opening price of the stock was $22.75 with an intraday high of $22.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.575. However, the stock managed to close at $22.67, a loss of 0.04% for the day. On the previous day, the stock had closed at $22.68. The total traded volume of the day was 9,418,420 shares.
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.