Momentum Is Strong For Corning, Inc. (NYSE: GLW)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Electronic Components industry segment, falling under the Technology sector. The current market capitalization of Corning, Inc. is $32.80B. A total of 7.37 million shares were traded on the day, compared to an average of 8.18M shares.

In the most recent transaction, Jeffrey W. Evenson bought 55,280 shares of GLW for 40.28 per share on Jul 31 ’24. In a previous transaction on Jul 31 ’24, Evenson Jeffrey W sold 55,280 shares at 40.29 per share. GLW shares that Exec. VP & Chief Strategy Off owns now total 2,000.

Among the insiders who sold shares, Evenson Jeffrey W disposed of 12,830 shares on Jun 05 ’24 at a per-share price of $37.39. This resulted in the Exec. VP & Chief Strategy Off holding 57,280 shares of GLW after the transaction. In another insider transaction, Bell Michael Alan sold 20,152 shares at $35.00 per share on May 14 ’24. Company shares held by the Senior VP & GM, Optical Comm. now total 0.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Corning, Inc. pays an annual dividend of $1.12, resulting in a dividend yield of 2.92%, and it has a price to earnings (P/E) ratio of 75.63. GLW’s most recent ex-dividend date was 8/30/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 9/27/2024. Previously, the company paid the dividend on 6/27/2024 with an ex-dividend date of 5/31/2024. The GLW stock dividend was $0.28 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, GLW has a high of $46.39 and a low of $25.26.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GLW’s latest balance sheet shows that the firm has $2.15B in Cash & Short Term Investments as of fiscal 2021. There were $7.83B in debt and $4.81B in liabilities at the time. Its Book Value Per Share was $12.99, while its Total Shareholder’s Equity was $12.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLW is Buy with a score of 4.17.

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