Economy

Corning Incorporated (GLW) Insider Sells 9242 Shares of Stock

AXA lifted its position in shares of Corning by 7.1% during the 1st quarter. The SI to Corning's float is 2.89%.

According to Corning Incorporated's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 75.63%. It has outperformed by 36.68% the S&P500.

Seminole Management decreased Corning Inc (GLW) stake by 19.29% reported in 2017Q2 SEC filing. Harfst & Associates Inc. now owns 4,791 shares of the electronics maker's stock valued at $143,000 after acquiring an additional 1,481 shares during the last quarter. This represents a $0.62 annualized dividend and a dividend yield of 1.95%. About 987,760 shares traded. It is down 53.38% since November 9, 2016 and is uptrending. It has underperformed by 22.07% the S&P500. Of those analysts, 1 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 33% are positive.

GLW has been the subject of several research analyst reports. On Monday, June 19 the stock rating was maintained by Drexel Hamilton with "Sell". The rating was maintained by Goldman Sachs with "Neutral" on Tuesday, August 16. On Friday, February 26 the stock rating was maintained by Morgan Stanley with "Overwt/In-Line". The firm has "Sell" rating by Zacks given on Saturday, August 22. The rating was maintained by SunTrust on Monday, March 7 with "Neutral". The firm earned "Hold" rating on Wednesday, July 27 by Shore Capital. RBC Capital Markets has "Outperform" rating and $21 target.

Cedar Hill Associates Llc increased Ishares Sp Smallcap 600 Value (IJS) stake by 10,790 shares to 38,700 valued at $5.41M in 2017Q2. It also reduced Nike Inc Class B (NYSE:NKE) stake by 133 shares and now owns 52,102 shares.

Investors sentiment increased to 1.21 in 2017 Q2. Its up 0.12, from 0.8 in 2017Q1. It is negative, as 63 investors sold CPN shares while 94 reduced holdings. 31 funds opened positions while 32 raised stakes.

Bank Of The Ozarks holds 31.65% of its portfolio in Bank Of The Ozarks Inc for 1.89 million shares. Estabrook Capital Mgmt accumulated 383,312 shares. Raymond James Fincl Services has invested 0% in Calpine Corporation (NYSE:CPN). The insider, WEEKS WENDELL P, now holds 0 shares of GLW. Forte Llc Adv accumulated 24,459 shares. Arizona State Retirement Systems has 8,095 shares for 0% of their portfolio. Inv Centers Of America Inc reported 13,291 shares stake. Korea Invest holds 479,005 shares. Natixis Asset holds 8,489 shares or 0.01% of its portfolio. Following the sale, the chief executive officer now directly owns 65,333 shares in the company, valued at $2,049,496.21. Private Bancshares Tru invested in 11,100 shares. Amica Mutual stated it has 57,306 shares or 0.16% of all its holdings.

The average Wall Street analyst rating for Corning Incorporated is Hold, according to the average of 9 analyst scores. Therefore 29% are positive. Corning Incorporated had 42 analyst reports since July 30, 2015 according to SRatingsIntel. As per Monday, June 20, the company rating was initiated by Citigroup. Goldman Sachs Group Inc. reissued a "buy" rating on shares of Corning in a research note on Friday, August 26th. RBC Capital Markets maintained it with "Outperform" rating and $21 target in Friday, September 25 report. The stock now has a consensus rating of "Hold" and a consensus price target of $23.10. The stock has "Buy" rating by Deutsche Bank on Tuesday, September 15. The stock of Rightmove Plc (LON:RMV) has "Overweight" rating given on Wednesday, October 28 by Barclays Capital.

Since May 15, 2017, it had 0 buys, and 6 insider sales for $12.99 million activity. Also, insider Mark S. Rogus sold 9,242 shares of the company's stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $31.37, for a total value of $7,806,644.09.

WARNING: "Insider Selling: Corning Incorporated (GLW) Insider Sells 9,242 Shares of Stock" was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. Another trade for 5,422 shares valued at $158,064 was made by Schlesinger Edward A on Tuesday, May 9. Kinlin Clark S sold $1.21 million worth of Corning Incorporated (NYSE:GLW) on Thursday, June 1.

Investors sentiment increased to 0.92 in 2017 Q2. Its up 0.12, from 0.8 in 2017Q1. Of those transactions, there were 4,000 shares of GLW bought and 2.43 million shares sold. 89 funds opened positions while 257 raised stakes. There were 69 sold out positions, amounting to 11.04 million shares. Lmr Prtnrs Llp owns 73,632 shares for 0.14% of their portfolio. Contravisory Invest Management invested 2.14% in Corning Incorporated (NYSE:GLW). Signalpoint Asset Mgmt Ltd Com invested 0.1% in Corning Incorporated (NYSE:GLW). Paradigm Financial Ltd Liability reported 25,000 shares. Pinebridge Invs Lp holds 2,044 shares. Rockefeller Ser holds 0.01% of its portfolio in Corning Incorporated (NYSE:GLW) for 23,119 shares. First Bank & Trust Of Omaha has invested 0.02% of its portfolio in Corning Incorporated (NYSE:GLW). Cobblestone Capital Advisors Ltd Liability New York reported 6,806 shares. Glg Lp has invested 0.01% of its portfolio in Corning Incorporated (NYSE:GLW). The company has market cap of $28.01 billion. Its segments include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. It has a 27.23 P/E ratio. The Display Technologies segment manufactures glass substrates for flat panel liquid crystal displays (LCDs).

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Like this

loading...
loading...

Latest


10 November 2017
Bakkavor revives plans to float in London
The company revived its IPO plans after being approached by a number of institutional investors, the person added. The new terms will also see the offer price slashed from a mooted 195p per share to 180p share.

10 November 2017
Resignation of Saad Hariri as Lebanon leader still a mystery
The missile, which was launched from Yemen, did not cause any major damage and was destroyed near Riyadh's King Khalid International Airport.

10 November 2017
Government offices close Friday for Veteran's Day
Sherrill American Legion Post 230 will host a Veterans Day ceremony Saturday at 11 a.m., November 11 in Memorial Park. This also includes the Woodward Public Library and the Plains Indians and Pioneers Museum.

10 November 2017
Samsung Galaxy A5 with Infinity Display coming
Samsung is planning to launch its Galaxy A (2018) series in early 2018 and they are rumored to feature an infinity display. We can also assume that the Galaxy A7 (2018) will also get the similar display as Samsung always maintains uniformity.

10 November 2017
JNU Students Fined For Cooking Biryani Near Administrative Block
Earlier, the JNU administration as well as the Delhi High Court had banned protests within 100 metres of the Administrative Block. Amir has also been warned about facing more stringent disciplinary action if he repeats this offence, the notice said.

10 November 2017
It's Virbhadra Singh Vs PK Dhumal As Himachal Votes Today | Read
The 12-day high-voltage campaign, which ended on Tuesday, saw over 450 rallies by star campaigners of the BJP and the Congress. And in case of any dispute, the slip can be counted to verify the result being shown on the electronic voting machine.

10 November 2017
Mueller Reportedly Interviewed White House Advisor Stephen Miller in Russia Probe
Mueller probe gets closer to TrumpPresident Donald Trump attends a meeting with business leaders at the White House Oct. 31. Miller is the highest-level aide still working at the White House known to have talked to investigators.

10 November 2017
First Real Photos Of The Samsung W2018 Android Flip Phone Appears Online
The back of the SM-W2018 looks to be made of glass as fingerprint smudges are clearly visible on the surface. The phone will only be available in certain markets.

10 November 2017
Are all Russia ties now sinister, or just business?
The latest haul contains 13.4 million documents mainly from Appleby, an offshore law firm with offices in Bermuda and beyond. The US imposed sanctions on Russian entities and individuals following its annexation of Crimea and aggression in Ukraine.

10 November 2017
Video of bikers chasing lions in Gujarat's Gir goes viral
Recently, A video showing four men on two bikes chasing Chasing Lion, Lioness in Gujarat's Gir Wildlife Sanctuary has gone viral. Officials are trying to track down the fourth suspect, according to a NDTV report .