Corning (GLW) Moves 12.0% Higher: Will This Strength Last?
GLWCorning(GLW) ZACKS·2024-07-09 19:25

Corning (GLW) shares ended the last trading session 12% higher at 43.05.Thejumpcameonanimpressivevolumewithahigher−than−averagenumberofshareschanginghandsinthesession.Thiscomparestothestock′s4.143.05. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.1% gain over the past four weeks.The uptrend in share prices can be primarily attributable to the bullish preliminary results for the second quarter of 2024. Management currently expects second-quarter revenues to be about 3.6 billion, exceeding its earlier guidance of $3.4 billion. The impro ...