Insiders at the company have transacted a total of 210 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 139 of these insider trades were purchases, accounting for 1,921,269 shares. Insider sales of the common stock occurred on 71 occasions, with total insider shares sold totaling 1,374,760 shares.
However, the script later moved the day high at 33.87, up 6.90%. The company’s stock has a 5-day price change of 9.90% and 25.24% over the past three months. GLW shares are trading 9.36% year to date (YTD), with the 12-month market performance down to -9.51% lower. It has a 12-month low price of $25.26 and touched a high of $37.10 over the same period. GLW has an average intraday trading volume of 4.24 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.06%, 12.01%, and 6.77% respectively.
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Institutional ownership of Corning, Inc. (NYSE: GLW) shares accounts for 69.15% of the company’s 820.00M shares outstanding.
It has a market capitalization of $28.41B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 49.27, while the earnings-per-share (ttm) stands at $0.68. The company has a PEG of 10.48 and a Quick Ratio of 1.05 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.86% over the week and 1.70% over the month.
Analysts forecast that Corning, Inc. (GLW) will achieve an EPS of $SPDR Gold Trust for the current quarter, $188.59 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $W.W. Grainger, Inc. while analysts give the company a high EPS estimate of $Genworth Financial Inc. Comparatively, EPS for the current quarter was $Lamb Weston Holdings, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 11.61%, and 12.90% over the next financial year. EPS should grow at an annualized rate of 4.70% over the next five years, compared to -9.70% over the past 5-year period.
Looking at the support for the GLW, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on October 25, 2023, with the firm’s price target at $37-$30.
