Corning Incorporated (GLW) has been a focus for various financial firms and asset managers, with many investing in or modifying their holdings of GLW. CWA Asset Management Group LLC, Jackson Square Capital LLC, National Pension Service, Asset Management One Co. Ltd., Radnor Capital Management LLC and Robeco Institutional Asset Management B.V. have all increased their stake in Corning Incorporated. Conversely, firms such as Olstein Capital Management L.P. and CORDA Investment Management LLC trimmed their positions. The firm has also generated interest from representatives such as Marjorie Taylor Greene. The robust performance of GLW on trading days has outperformed competitor stocks, despite occasional losses. Corning's dividend affirmation of $0.28 and its strong positioning as a value and momentum stock adds further attraction. Of concern is an EU antitrust investigation into Corning's exclusive supply deals, which may pose a potential hiccup for the firm. Other noteworthy occurrences include the initiation of a multi-year purchase agreement with AT&T, and a significant decrease in short interest for Corning standing as positive signals for investors. Lastly, Corning's strong Q3 earnings in 2024, owing to growth in Optical Communications were a key talking point, coupled with the ambitious 'Springboard' Plan striving to add more than $3 billion in annualized sales and achieve a 20% operating margin by 2026.
Corning Incorporated GLW News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Sat, 09 Nov 2024 11:32:40 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -3
