Corning GLW
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Corning (GLW) Business Model and Operations Summary
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Key Insights
Corning (GLW) Core Market Data and Business Metrics
Latest Closing Price
$42.29Market Cap
$37.78 BillionPrice-Earnings Ratio
72.91Total Outstanding Shares
856.78 Million SharesTotal Employees
56,300Dividend
$0.28 Per Share QuarterlyIPO Date
May 21, 1945SIC Description
Drawing & Insulating Of Nonferrous WirePrimary Exchange
New York Stock ExchangeHeadquarters
One Riverfront Plaza, Corning, NY, 14831
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Bi-Weekly Change (%): The percentage change in short interest from the previous bi-weekly period.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 13,833,210 Shares | +13.59% | 3/14/2025 | 2.16 |
| 12,177,978 Shares | +7.98% | 2/28/2025 | 2.37 |
| 11,277,879 Shares | +18.14% | 2/14/2025 | 2.55 |
| 9,545,898 Shares | -11.58% | 1/31/2025 | 1.12 |
| 10,796,616 Shares | -0.66% | 1/15/2025 | 2.79 |
| 10,868,557 Shares | +1.75% | 12/31/2024 | 2.85 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities | $-744 Million |
| Net Cash Flow, Continuing | $31 Million |
| Net Cash Flow From Operating Activities | $1.94 Billion |
| Net Cash Flow From Financing Activities | $-1.16 Billion |
| Net Cash Flow | $-11 Million |
| Net Cash Flow From Financing Activities, Continuing | $-1.16 Billion |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Other Operating Expenses | $410 Million |
| Research and Development | $800 Million |
| Income/Loss From Continuing Operations Before Tax | $813 Million |
| Net Income/Loss | $592 Million |
| Basic Average Shares | $853 Million |
| Cost Of Revenue | $8.84 Billion |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $86 Million |
| Comprehensive Income/Loss | $97 Million |
| Comprehensive Income/Loss Attributable To Parent | $11 Million |
| Other Comprehensive Income/Loss Attributable To Parent | $-495 Million |
| Other Comprehensive Income/Loss | $-496 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Inventory | $2.72 Billion |
| Assets | $27.73 Billion |
| Equity | $11.07 Billion |
| Intangible Assets | $752 Million |
| Current Liabilities | $4.92 Billion |
| Other Current Assets | $5.27 Billion |
Historical Dividends
Current dividend: $0.28 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 12, 2025 | Mar 28, 2025 | Feb 28, 2025 | $0.28 | Quarterly |
| Oct 2, 2024 | Dec 13, 2024 | Nov 15, 2024 | $0.28 | Quarterly |
| Jun 26, 2024 | Sep 27, 2024 | Aug 30, 2024 | $0.28 | Quarterly |
| May 2, 2024 | Jun 27, 2024 | May 31, 2024 | $0.28 | Quarterly |
| Feb 7, 2024 | Mar 28, 2024 | Feb 29, 2024 | $0.28 | Quarterly |
| Oct 4, 2023 | Dec 15, 2023 | Nov 17, 2023 | $0.28 | Quarterly |