U.S. Markets close in 32 mins

Corning (GLW) Surges: Stock Moves 11.1% Higher

Zacks Equity Research

Corning Incorporated GLW was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $28.03 to $30.63 in the past one-month time frame.

The move came after the company reported solid fourth-quarter 2018 financial results.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Corning currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Corning Incorporated Price

Corning Incorporated Price | Corning Incorporated Quote

Investors interested in the Communication - Components industry may consider Altice USA, Inc. ATUS, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is GLW going up? Or down? Predict to see what others think:Up or Down

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?

From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.

This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.

See Stocks Today >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Corning Incorporated (GLW) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research