GLW Corning Inc
Corning Inc (GLW) trend channel, buy level and 3-month target on Trade The Path. Sector: Technology. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Mid-channel, rising on both timeframes
Price is between the two trend lines. Nothing to act on yet.
Read from the last 12 months of history we hold: rising, drifting more than +100% a year. The target of US$260.87 sits above the nearest ceiling (US$165.27), so reaching it means breaking a line this stock has repeatedly turned at. What would overturn this: a close below US$123.94 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 12 months read from
- US$124.09 – US$165.27 Rising channel, more than +100% a year
- Position in that channel
- 49% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -51% from US$255.7329 June 2026 → 29 July 2026
- Whose problem it was
- This company2 of 6 Hardware, Equipment & Parts peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 15%of what it lost
- What the record says
- 70% of 8 comparable falls came back, typically in 118 days measured on its own peer group
The trend broke in June 2026: price fell 51% from 255.72 to 124.08 by July 2026, and has regained 15% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “Why Is Corning Stock Surging On Thursday?”. Falls like it have resolved: falls of about 51% here have come back to the old high 70% of the time (8 comparable falls), typically in 118 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 260.87 within 299 days, reached 70% of the time in 8 comparable falls — about 0.27% a day held.
The buy and sell prices below are priced off this recovery rather than off the channel: it is the better expected return per day held once each is charged for the odds of working.
Reported at the time: Why Is Corning Stock Surging On Thursday? — 25 June 2026
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$143.54
level as at 16 Sept 2026
Our target
US$260.87
by 12 July 2027
Projected move
81.7%
gross, before costs
Price sits between our buy level and our target.
The trend broke in June 2026: price fell 51% from 255.72 to 124.08 by July 2026, and has regained 15% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “Why Is Corning Stock Surging On Thursday?”. Falls like it have resolved: falls of about 51% here have come back to the old high 70% of the time (8 comparable falls), typically in 118 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 260.87 within 299 days, reached 70% of the time in 8 comparable falls — about 0.27% a day held. The entry is today's price, not a dip level: the fall is behind it and the evidence measured is what these recoveries paid from here, so waiting for a lower entry would be waiting for something the record does not say is coming. Of 8 comparable falls in Hardware, Equipment & Parts, 70% were back at the old high within 118 days of the low, and the ones that got there gave up about 17% along the way — so expect to be underwater before it works. The target is the median level they regained, which is short of the old high of 255.72 because not all of them saw it again. It is a prediction and it is revised the same way any other is: if price loses its 50-day trend and stays below it, the recovery is treated as failed rather than delayed.
- Upper line touches
- 2
- Lower line touches
- 3
- Fit confidence
- 27%
- Fitted
- 16 Sept 2026
About Corning Inc
Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Wendell Weeks
- Employees
- 67,200
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$125.81B
- Enterprise value
- —
- Beta
- 1.15
- Avg volume
- 13.99M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 69.39-271.78
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.