Corning Inc /ny (GLW) Files Form 4 Insider Selling : Clark S Kinlin Sells 54,352 Shares

Corning Inc /ny (GLW): Clark S Kinlin , Executive Vice President of Corning Inc /ny sold 54,352 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $19.83 per share for a total value of $1,077,588.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 19, 2016, Jeffrey W Evenson (Senior VP & Chief Strategy Off) sold 53,008 shares at $19.03 per share price.On Feb 12, 2016, Lawrence D Mcrae (Vice Chairman & Corp. Dev. Off) sold 34,000 shares at $18.54 per share price.Also, On Feb 5, 2016, James B Flaws (VICE CHAIRMAN) sold 69,519 shares at $18.50 per share price.On Dec 15, 2015, Lewis A Steverson (Senior Vice President) sold 28,437 shares at $17.99 per share price.

Corning Incorporated: On Friday, May 20, 2016 heightened volatility was witnessed in Corning Incorporated which led to swings in the share price. The shares opened for trading at $19.09 and hit $19.5625 on the upside , eventually ending the session at $19.51, with a gain of 3.01% or 0.57 points. The heightened volatility saw the trading volume jump to 1,02,84,590 shares. The 52-week high of the share price is $22.05 and the company has a market cap of $20,980 M . The 52-week low of the share price is at $15.42.

Corning Incorporated Money Flow Index Chart

On Apr 28, 2016, Corning Incorporated announced a cash dividend of $0.1350. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 30, 2016.

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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Corning Incorporated - Is it time to Sell?

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