28-Mar-2024
Ford, Envista Holdings, and Alaska Air are among additions to GS’ Long Duration list
Seeking Alpha News (Thu, 28-Mar 1:49 PM ET)
Ford, Envista Holdings, and Alaska Air are among additions to GS’ Short Duration list
Seeking Alpha News (Thu, 28-Mar 1:49 PM ET)
J.P. Morgan Remains a Hold on Corning (GLW)
TipRanks (Wed, 27-Mar 5:48 AM ET)
Corning Announces Quarterly Dividend
Globe Newswire (Wed, 7-Feb 11:38 AM ET)
Corning Reports Fourth-Quarter and Full-Year 2023 Financial Results
Globe Newswire (Tue, 30-Jan 7:10 AM ET)
Globe Newswire (Wed, 17-Jan 1:00 PM ET)
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Corning trades on the NYSE stock market under the symbol GLW.
As of March 28, 2024, GLW stock price declined to $32.96 with 3,395,257 million shares trading.
GLW has a beta of 1.12, meaning it tends to be more sensitive to market movements. GLW has a correlation of 0.37 to the broad based SPY ETF.
GLW has a market cap of $28.19 billion. This is considered a Large Cap stock.
Last quarter Corning reported $3 billion in Revenue and $.39 earnings per share. This beat revenue expectation by $22 million and met earnings estimates .
In the last 3 years, GLW stock traded as high as $46.82 and as low as $25.26.
The top ETF exchange traded funds that GLW belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
GLW has underperformed the market in the last year with a price return of +2.2% while the SPY ETF gained +33.6%. GLW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +8.8% and +0.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
GLW support price is $32.62 and resistance is $33.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLW stock will trade within this expected range on the day.