Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Corning Inc before investing.

In this article, we go over a few key elements for understanding Corning Inc’s stock price such as:

• Corning Inc’s current stock price and volume
• Why Corning Inc’s stock price changed recently
• Upgrades and downgrades for GLW from analysts
• GLW’s stock price momentum as measured by its relative strength

About Corning Inc (GLW)

Before we jump into Corning Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Corning Incorporated is a materials science technology and innovation company. The Company operates through five segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies and Life Sciences. The Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Display Technologies segment manufactures glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment is engaged in manufacturing products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment manufactures labware, equipment, media, serum and reagents enabling workflow solutions for drug discovery and bioproduction.

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Corning Inc’s Stock Price as of Market Close

As of April 30, 2024, 4:00 PM, CST, Corning Inc’s stock price was $33.38.

Corning Inc is up 5.03% from its previous closing price of $31.78.

During the last market session, Corning Inc’s stock traded between $31.37 and $31.80. Currently, there are 800.00 million shares of Corning Inc stock available for purchase.

Corning Inc’s price-earnings (P/E) ratio is currently at 47.2, which is high compared to the Electronic Equipment & Parts industry median of 20.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Corning Inc Stock Price History

Corning Inc’s (GLW) price is currently up 1.27% so far this month.

During the month of April, Corning Inc’s stock price has reached a high of $34.47 and a low of $30.72.

Over the last year, Corning Inc has hit prices as high as $36.02 and as low as $25.26. Year to date, Corning Inc’s stock is up 4.51%.

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What Caused Corning Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 29, 2024, there was 1 analyst who downgraded Corning Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Corning Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Corning Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Corning Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Corning Inc (GLW) by visiting AAII Stock Evaluator.

Relative Price Strength of Corning Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 29, 2024, Corning Inc has a weighted four-quarter relative price strength of -6.29%, which translates to a Momentum Score of 42 and is considered to be Average.

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Corning Inc Stock Price: Bottom Line

As of April 30, 2024, Corning Inc’s stock price is $33.38, which is up 5.03% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Corning Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.