On January 31, 2025, Eric Musser, President and Chief Operating Officer of Corning Optical Communications, a branch of Corning Inc (GLW, Financial), sold 30,000 shares of the company. Following this transaction, the insider now owns 152,944 shares of the company. The details of this transaction can be found in the SEC Filing.
Corning Inc is a global technology company that specializes in specialty glass, ceramics, and related materials and technologies. The company operates in five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
Over the past year, Eric Musser has sold a total of 104,640 shares and has not purchased any shares. The insider transaction history for Corning Inc indicates that there have been no insider buys in total over the past year, while there have been 37 insider sells during the same period.
On the day of the recent sale, shares of Corning Inc were trading at $51.92 each, giving the stock a market cap of $43,914.970 million. The company's price-earnings ratio stands at 88.53, which is higher than the industry median of 23.44 and also higher than the company’s historical median price-earnings ratio.
With a price of $51.92 and a GF Value of $32.84, Corning Inc has a price-to-GF-Value ratio of 1.58, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
