After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Samsung Galaxy S24 Ultra Creates New Standards of Durability and Visual Clarity with Corning® Gorilla® Armor.
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Stocks Info
As a NYSE listed company, GLW falls under the Technology sector while operating within the Electronic Components industry segment. The current market capitalization of Corning, Inc. is $25.47B. A total of 2.8 million shares were traded on the day, compared to an average of 4.23M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, GLW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 139 BUYs and 71 SELLs from insiders. Insiders purchased 1,921,269 shares during that period but sold 1,374,760.
In the most recent transaction, McRae Lawrence D sold 18,200 shares of GLW for 30.15 per share on Dec 21. After the transaction, the Vice Chairman & Corp. Dev. Off now owns 205,258 company shares. In a previous transaction on Jul 26, WEEKS WENDELL P sold 100,000 shares at 33.78 per share. GLW shares that Chairman and CEO owns now total 847,474.
Among the insiders who sold shares, STEVERSON LEWIS A disposed of 16,710 shares on Jul 26 at a per-share price of $34.25. This resulted in the EVP and CLAO holding 29,378 shares of GLW after the transaction. In another insider transaction, Bell Michael Alan sold 35,045 shares at $35.00 per share on Jun 16. Company shares held by the Senior VP & GM, Optical Comm. now total 0.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Corning, Inc. pays an annual dividend of $1.13, resulting in a dividend yield of 3.78%, and it has a price to earnings (P/E) ratio of 43.88. GLW’s most recent ex-dividend date was 11/16/2023 when it declared a $0.28 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/28/2023 with an ex-dividend date of 8/30/2023. The GLW stock dividend was $0.28 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for GLW in the last 3 months, the mean price target is $32.63 with high estimates of $40.00 and low estimates of $28.00. In terms of 52-week highs and lows, GLW has a high of $37.10 and a low of $25.26.
As of this writing, GLW has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.37. The company reported an EPS of $0.45 in the last quarter, which was -2.20% lower than expectations of $0.46.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $13.94, 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 3.90.
