Corning Incorporated (GLW) : Traders are bullish on Corning Incorporated (GLW) as it has outperformed the S&P 500 by a wide margin of 5.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.89% in the last 1 week, and is up 8.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Corning Incorporated (NYSE:GLW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.45 and $22.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.64, notching a gain of 1.16% for the day. The total traded volume was 10,726,075 . The stock had closed at $22.38 on the previous day.
The stock has recorded a 20-day Moving Average of 4.5% and the 50-Day Moving Average is 8.35%. Corning Inc. is up 23.61% in the last 3-month period. Year-to-Date the stock performance stands at 25.6%.
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 9 equity analysts are currently covering the company. The average price of all the analysts is $18.89 with a standard deviation of $3.07.
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.