On 7/8/24, Corning Inc (NYSE: GLW) stock enjoyed a major increase of 12.0%, closing at $43.05. Moreover, exceptionally high trading volume at 487% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.6% during the last week.
Current PriceTarget Research Rating
GLW’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Corning has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Corning has a poor Appreciation Score of 24 but a good Power Rating of 79, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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