Corning Incorporated (GLW): Price Target and June Short Interest Disclosure

Corning Incorporated (GLW) : Average target price received by Corning Incorporated (GLW) is $18.33 with an expected standard deviation of $3.11. The most aggressive target on the stock is $23, whereas the most downbeat target is $15. 9 financial analysts are currently covering the stock.

Corning Incorporated (GLW), A reduction of 4,369,852 shares or 17% was observed in the short interest of Corning The interest on June 30,2016 came in at 21,314,471 shares and as per the average daily trading of 8,423,214 shares, the days to cover are 3. The reduced interest is 2% of the floated shares. The data of June 15,2016 put the interest at 25,684,323 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Citigroup initiates coverage on Corning Incorporated (NYSE:GLW).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup announces the price target of $23 per share. The rating by the firm was issued on June 20, 2016.


Corning Incorporated (NYSE:GLW): stock turned positive on Thursday. Though the stock opened at $21.5, the bulls momentum made the stock top out at $21.55 level for the day. The stock recorded a low of $21.39 and closed the trading day at $21.42, in the green by 0.23%. The total traded volume for the day was 4,485,241. The stock had closed at $21.37 in the previous days trading.

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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