Corning (GLW) NewsBite - GLW Moves Higher on Upgrade
Posted: Thursday, March 18, 2010 10:00 AM EDT
By: Market Intelligence Center Staff
Corning (NYSE: GLW) opened at $19.24. So far today, the stock has hit a low of $19.16 and a high of $19.32. GLW is now trading at $19.30, up $0.42 (2.22%). Over the last 52 weeks the stock has ranged from a low of $11.91 to a high of $20.85. GLW shares were upgraded at Thomas Weisel this morning to Overweight from Market Weight. Technical indicators for the stock are bullish and S&P gives GLW a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on GLW the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 17 range. [ABR-Seven Summits Strategic Investments NewsBite]
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