Corning's most recent trend suggests a bullish bias. One trading opportunity on Corning is a Bull Put Spread using a strike $26.00 short put and a strike $21.00 long put offers a potential 5.71% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $21.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Corning is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Corning is bullish.
The RSI indicator is at 41.39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Corning
Buy Corning Stock to Ride Strong Demand for Phones and TVs, Analyst Says
Wed, 01 Jul 2020 15:49:00 +0000
Consumers like stuff with screens. And that bodes well for glassmaker Corning, says Citigroup’s Asiya Merchant.
Telecom Stock Roundup: Ericsson Boosts Presence in China, Corning Taps Funds & More
Thu, 11 Jun 2020 14:24:02 +0000
While Ericsson (ERIC) strengthens its presence in China with 5G contracts, Corning (GLW) boosts healthcare segment with funds to increase production capacity.
Corning Secures Federal Funds to Boost Glass Vial Capacity
Wed, 10 Jun 2020 12:29:12 +0000
In addition to corporate social responsibilities, the federal funds are likely to help Corning (GLW) strengthen its position as a leading packaging provider in the healthcare segment.
Coronavirus latest: Tuesday, June 9
Tue, 09 Jun 2020 20:41:24 +0000
Since states have reopened, the George Floyd protests have sparked worries about a spike in cases for coronavirus while a number of pharmaceutical companies work toward a vaccine or treatment. Yahoo Finance’s Anjalee Khemlani breaks down the latest news on the coronavirus.
Corning wins U.S. funding to boost glass vial manufacturing for COVID-19 therapies
Tue, 09 Jun 2020 13:52:01 +0000
June 9 (Reuters) – Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost the manufacturing capacity of its glass vials after the company was selected as a packaging provider for COVID-19 vaccines and treatments.
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