Short Term Price Target on Corning Incorporated (GLW)

Corning Incorporated (NYSE:GLW) : The most positive equity analysts on Corning Incorporated (NYSE:GLW) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $18.33 with an expected fluctuation of $3.11 from the mean.

Corning Inc. has lost 1.49% in the last five trading days and dropped 1.4% in the last 4 weeks. Corning Inc. has dropped 1.01% during the last 3-month period . Year-to-Date the stock performance stands at 13.62%.

Corning Incorporated (NYSE:GLW) : 2 brokerage houses believe that Corning Incorporated (NYSE:GLW) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Corning Incorporated (NYSE:GLW). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 3.25.

Corning Incorporated (NYSE:GLW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.91 and $19.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.48, notching a gain of 3.38% for the day. The total traded volume was 9,738,861 . The stock had closed at $19.81 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Tripeny R Tony, officer (Senior Vice President and CFO) of Corning Inc /Ny, had unloaded 7,500 shares at an average price of $21.17 in a transaction dated on June 7, 2016. The total value of the transaction was worth $158,775.

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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