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 $28.64B. A total of 9.86 million shares were traded on the day, compared to an average of 4.64M shares.

In the most recent transaction, McRae Lawrence D sold 77,464 shares of GLW for 33.24 per share on Mar 21 ’24. After the transaction, the Retired Vice Chairman now owns 215,254 company shares. In a previous transaction on Feb 29 ’24, Bayne John P JR sold 4,086 shares at 32.21 per share. GLW shares that SVP &GM, Mobile Consumer Elec. owns now total 0.

Among the insiders who sold shares, Fang Li disposed of 8,480 shares on Feb 21 ’24 at a per-share price of $32.34. This resulted in the SVP, Corning Intl & NBD, Solar holding 0 shares of GLW after the transaction. In another insider transaction, Amin Jaymin sold 28,231 shares at $31.96 per share on Feb 16 ’24. Company shares held by the SVP and Chief Tech. Officer now total 91,241.

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 3.35%, and it has a price to earnings (P/E) ratio of 46.92. GLW’s most recent ex-dividend date was 2/28/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/16/2023. 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 $36.01 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 $13.71, 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.

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