Shares of Corning Incorporated (NYSE:GLW) Sees Large Outflow of Money

Corning Incorporated (NYSE:GLW) During the most recent session, the shares traded at 0.01 points or 0.05% higher at $20.44. The money flow data is unimpressive with the net money flow value of $(-1.6) million. As per the intraday data, the upticks measured $3.02 million and the downticks measured $4.61 million. As a result, the up/down ratio registered a value of 0.65. The shares have seen 0.74% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $1.77 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-1.77) million.


The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 2.46%. The company shares have dropped 2.58% in the past 52 Weeks. On June 7, 2016 The shares registered one year high of $21.3 and one year low was seen on August 24, 2015 at $15.42. The 50-day moving average is $19.79 and the 200 day moving average is recorded at $19.11. S&P 500 has rallied 1.93% during the last 52-weeks.

Corning Incorporated (NYSE:GLW): The stock opened at $20.46 on Tuesday but the bulls could not build on the opening and the stock topped out at $20.50 for the day. The stock traded down to $20.34 during the day, due to lack of any buying support eventually closed down at $20.37 with a loss of -0.29% for the day. The stock had closed at $20.43 on the previous day. The total traded volume was 5,332,730 shares.

Currently the company Insiders own 0.6% of Corning Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.96% . Institutional Investors own 73.59% of Corning Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -18.06%. On the companys insider trading activities, The officer (Senior Vice President and CFO), of Corning Inc /Ny, Tripeny R Tony had unloaded 7,500 shares at $21.17 per share in a transaction on June 7, 2016. The total value of transaction was $158,775. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.