Currently, there are 820.00M common shares owned by the public and among those 770.54M shares have been available to trade.
Insiders at the company have transacted a total of 159 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 102 of these insider trades were purchases, accounting for 1,811,041 shares. Insider sales of the common stock occurred on 57 occasions, with total insider shares sold totaling 1,259,748 shares.
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However, the script later moved the day high at 32.38, down -2.80%. The company’s stock has a 5-day price change of -2.37% and 13.01% over the past three months. GLW shares are trading 2.73% year to date (YTD), with the 12-month market performance down to -11.26% lower. It has a 12-month low price of $25.26 and touched a high of $36.01 over the same period. GLW has an average intraday trading volume of 1.09 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.18%, 2.49%, and 0.57% respectively.
Institutional ownership of Corning, Inc. (NYSE: GLW) shares accounts for 69.56% of the company’s 820.00M shares outstanding.
It has a market capitalization of $26.69B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 46.28, while the earnings-per-share (ttm) stands at $0.68. The company has a PEG of 6.49 and a Quick Ratio of 1.05 with the debt-to-equity ratio at 0.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.68% over the week and 1.72% over the month.
Earnings per share for the fiscal year are expected to increase by 9.76%, and 14.30% over the next financial year. EPS should grow at an annualized rate of 7.13% over the next five years, compared to -9.80% over the past 5-year period.
Looking at the support for the GLW, a number of firms have released research notes about the stock. HSBC Securities stated their Reduce rating for the stock in a research note on February 01, 2024, with the firm’s price target at $29.
