Corning Incorporated (GLW) : Traders are bullish on Corning Incorporated (GLW) as it has outperformed the S&P 500 by a wide margin of 1.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.54%, relative to the S&P 500. The stock has risen by 1.07% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.66% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.02% and the 50-Day Moving Average is 2.12%.The 200 Day SMA reached 14.75% Corning Inc. is up 12.15% in the last 3-month period. Year-to-Date the stock performance stands at 26.24%.
Corning Incorporated (GLW) : Average target price received by Corning Incorporated (GLW) is $18.88 with an expected standard deviation of $3.28. The most aggressive target on the stock is $23, whereas the most downbeat target is $15. 8 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Corning Incorporated (NYSE:GLW): The stock opened at $22.54 and touched an intraday high of $22.68 on Friday. During the day, the stock corrected to an intraday low of $22.475, however, the bulls stepped in and pushed the price higher to close in the green at $22.62 with a gain of 0.13% for the day. The total traded volume for the day was 13,055,936. The stock had closed at $22.59 in the previous trading session.
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.