Financial giants have made a conspicuous bullish move on Corning. Our analysis of options history for Corning (NYSE: GLW) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $218,680, and 5 were calls, valued at $167,990.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $70.0 and $78.0 for Corning, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Corning’s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Corning’s whale activity within a strike price range from $70.0 to $78.0 in the last 30 days.
Corning Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
About Corning
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Following our analysis of the options activities associated with Corning, we pivot to a closer look at the company’s own performance.
Current Position of Corning
With a trading volume of 2,650,465, the price of GLW is down by -2.25%, reaching $78.11.
Current RSI values indicate that the stock is may be overbought.
Next earnings report is scheduled for 33 days from now.
What The Experts Say On Corning
3 market experts have recently issued ratings for this stock, with a consensus target price of $89.33.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from UBS persists with their Buy rating on Corning, maintaining a target price of $91. * An analyst from UBS has elevated its stance to Buy, setting a new price target at $84. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Corning, targeting a price of $93.