Corning Inc /ny (GLW) Files Form 4 Insider Selling : R Tony Tripeny Sells 7,500 Shares

Corning Inc /ny (GLW): R Tony Tripeny , Senior Vice President and CFO of Corning Inc /ny sold 7,500 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $21.17 per share for a total value of $158,776.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Kirk P Gregg (other) sold 24,000 shares at $20.93 per share price.On Jun 8, 2016, Mark S Rogus (Senior VP & Treasurer) sold 10,896 shares at $21.18 per share price.Also, 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.

Corning Incorporated: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Corning Incorporated which led to swings in the share price. The shares opened for trading at $21.1 and hit $21.3 on the upside , eventually ending the session at $21.09, with a gain of 0.14% or 0.03 points. The heightened volatility saw the trading volume jump to 1,01,88,947 shares. The 52-week high of the share price is $21.3 and the company has a market cap of $22,679 M . The 52-week low of the share price is at $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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