Watch These Corning Price Levels as Stock Rallies On Optimism About AI Demand
GLWCorning(GLW) Investopedia·2024-07-10 19:46

Key TakeawaysCorning shares have surged 16% in the past two trading sessions to a three-year high after the specialty glass maker boosted its outlook due to increasing demand for its optical connectivity products used in generative AI applications.The rally has occurred on the largest weekly trading volume since February 2018, indicating strong conviction behind the move.Given the stock’s impulsive move higher, the price may see an imminent retest of its April 2021 high at $46.82.During periods of profit ta ...