Stocks of Corning, Inc (NYSE:GLW) traded higher last session on Wall Street, up 0.42% to $48.18.
GLW stock price is now 7.04% away from the 50-day moving average and 4.16% away from the 200-day moving average. The market capitalization of the company currently stands at $41.26B.
With the price target enhanced from $51 to $60, HSBC Securities Upgraded its rating from Hold to Buy for Corning, Inc (NYSE: GLW). On August 21, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $44 to quote $47, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Zhang John Z, Exec. Vice President & CCDO sold 8,000 shares of the company’s stock on May 12 ’25. The stock was sold for $375,294 at an average price of $46.91. Upon completion of the transaction, the Exec. Vice President & CCDO now directly owns 9,610 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’25, Officer John Zhang bought 8,000 shares of the business’s stock. A total of $375,288 was incurred on buying the stock at an average price of $46.91. A total of 8.61% of the company’s stock is owned by insiders.
During the past 12 months, Corning, Inc has had a low of $35.40 and a high of $55.33. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 1.69, and a quick ratio of 1.05.
The net profit margin was 3.34% and return on equity was 4.14% for GLW. For the current quarter, analysts expect GLW to generate $3.82B in revenue.
