Corning Inc /ny (GLW) Files Form 4 Insider Selling : Kirk P Gregg Sells 20,000 Shares

Corning Inc /ny (GLW): Kirk P Gregg , other of Corning Inc /ny sold 20,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $20.08 per share for a total value of $401,614.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Clark S Kinlin (Executive Vice President) sold 54,352 shares at $19.83 per share price.On Feb 19, 2016, Jeffrey W Evenson (Senior VP & Chief Strategy Off) sold 53,008 shares at $19.03 per share price.Also, On Feb 12, 2016, Lawrence D Mcrae (Vice Chairman & Corp. Dev. Off) sold 34,000 shares at $18.54 per share price.On Feb 5, 2016, James B Flaws (VICE CHAIRMAN) sold 69,519 shares at $18.50 per share price.

Shares of Corning Incorporated (GLW) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.45% at $20 with 83,34,331 shares getting traded. Post opening the session at $20.17, the shares hit an intraday low of $19.95 and an intraday high of $20.24 and the price vacillated in this range throughout the day. The company has a market cap of $21,507 M and the number of outstanding shares has been calculated to be 1,07,53,48,540 shares. The 52-week high of Corning Incorporated is $21.5 and the 52-week low is $15.42.

Corning Incorporated Money Flow Index Chart

Company has been under the radar of several Street Analysts.Corning Incorporated is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 12, 2016.Corning Incorporated is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 23 from a previous price target of $21 .The Rating was issued on Apr 8, 2016.

Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics mobile emissions control optical communications and life sciences. Corning operates in five segments: Display Technologies which manufactures glass substrates; Optical Communications which is engaged in providing optical solutions; Environmental Technologies which manufactures ceramic substrates and filter products; Specialty Materials which manufactures products that provide more than 150 material formulations for glass glass ceramics and fluoride crystals and Life Sciences segment which is a developer manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.

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