Corning CEO sells company shares

Corning’s Chairman, CEO & President unloaded 64,992 shares on 18 February 2015 – a transaction worth USD 1,591,654, with gains for the company of 1.26% or 0.31 points. The 52-week high of the shares is USD 25.16 and the 52-week low is USD 17.03.

Chairman, CEO & President of Corning Inc., Wendell P. Weeks, unloaded 64,992 shares at an average price of USD 24.49 on 18 February 2015. The total amount of the transaction was worth USD 1,591,654, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Corning Incorporated managed to eke out gains of 1.26% or 0.31 points. The opening trade was executed at USD 24.59 and the stock swung to USD 24.96 on the upside and to USD 24.26 on the downside, before concluding the session at USD 24.96. The volume for the day was measured as 6,922,457 shares. The counter had ended the previous trading session at USD 24.65. The counter has a formidable presence with a market cap of USD 31,733 million. The total number of shares outstanding is 1,271,341,000. The 52-week high of the shares is USD 25.16 and the 52-week low is USD 17.03.
Corning Incorporated dropped 0.16% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 4.65% in the last four weeks. The counter has underperformed the S&P 500 by 0.79% during the past week but Corning Incorporated has outperformed the index in for weeks by 1.75%.
Corning, is a global, technology-based corporation, operating in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. During the year ended 31 December 2011, Corning launched Corning Lotus Glass, an environmentally friendly, display glass developed to enable technologies, including organic light-emitting diode (OLED) displays and next generation liquid crystal displays (LCD). Corning Lotus Glass helps support the demanding manufacturing processes of both OLED and liquid crystal displays for portable devices, such as smart phones, tablets, and notebook computers. Corning also introduced Corning Gorilla Glass 2 in 2011, the next generation in its Corning Gorilla Glass suite of products. In May 2014, Mitsui Chemicals Inc. announced the acquisition of Corning Inc’s SunSensors operations.