The Vice Chairman & Corp. Dev. Off of Corning Inc is Exercising Options

Today it was reported that the Vice Chairman & Corp. Dev. Off of Corning Inc (GLW), Lawrence Mcrae, exercised options to sell 20,000 GLW shares at $14.50 a share, for a total transaction value of $613.6K.

In addition to Lawrence Mcrae, 4 other GLW executives reported Sell trades in the last month.

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Based on Corning Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.01 billion and quarterly net profit of $625 million. In comparison, last year the company earned revenue of $2.61 billion and had a net profit of $390 million. Currently, Corning Inc has an average volume of 7.59M.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.50, reflecting a 25.5% upside.

The insider sentiment on Corning Inc has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Lawrence Mcrae’s trades have generated a -11.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Corning, Inc. develops and manufactures specialty glass and ceramics. The company provides glass for notebook computers, flat panel desktop monitors, LCD televisions, and other information display applications; optical fiber and cable and hardware and equipment products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for active matrix liquid crystal displays which are used primarily in notebook computers, flat panel desktop monitors, and LCD televisions. The Optical Communications segment manufactures optical fiber and cable, and hardware and equipment to being a comprehensive provider of industry-leading optical solutions across the broader communications industry pioneer optical fiber, cable and connectivity solutions. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. Corning was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

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