Shares of Corning Incorporated (GLW) Rally 2.1%

Corning Incorporated (GLW) : Traders are bullish on Corning Incorporated (GLW) as it has outperformed the S&P 500 by a wide margin of 0.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.6%, 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 2.1% in the last 1 week, and is up 5.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.7% and the 50-Day Moving Average is 6.74%.

Corning Incorporated (NYSE:GLW): The stock opened at $21.45 on Friday but the bulls could not build on the opening and the stock topped out at $21.45 for the day. The stock traded down to $21.27 during the day, due to lack of any buying support eventually closed down at $21.35 with a loss of -0.33% for the day. The stock had closed at $21.42 on the previous day. The total traded volume was 4,907,563 shares.


The company Insiders own 0.6% of Corning Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.96% . Institutional Investors own 73.52% of Corning Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -18.06%. 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 (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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