Large Outflow of Money Witnessed in Corning Incorporated

Corning Incorporated (GLW) : The total money flow in Corning Incorporated (GLW) was negative ($6.65 million), showing the domination of sellers in the Monday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $17.13 million. Transactions on upticks were comparatively lower at $10.48 million. The uptick to downtick ratio was 0.61. The total block trades done on upticks were valued at $2.06 million. The total block trades on downticks were valued at $6.59 million. The uptick to the downtick ratio of block trades was 0.31. The money flow during block trades was negative ($4.54 million) when the stock traded with a gain of $3 cent. Corning Incorporated (GLW) was $21.38, an increase of 0.14% over the previous days close.


Corning Inc. is up 2.89% in the last 3-month period. Year-to-Date the stock performance stands at 18.61%. Shares of Corning Inc. rose by 1.86% in the last five trading days and 6.32% for the last 4 weeks. In a related news, Tripeny R Tony, officer (Senior Vice President and CFO) of Corning Inc /Ny, unloaded 7,500 shares at an average price of $21.17 on June 7, 2016. The total amount of the transaction was worth $158,775, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Corning Incorporated (NYSE:GLW): stock turned positive on Monday. Though the stock opened at $21.39, the bulls momentum made the stock top out at $21.44 level for the day. The stock recorded a low of $21.31 and closed the trading day at $21.38, in the green by 0.14%. The total traded volume for the day was 4,386,728. The stock had closed at $21.35 in the previous days trading.

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.

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