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| Get An Even Better Deal On GLW Than Director Ferguson Jr. DidBy Dividend Channel Staff, Monday, May 10, 4:19 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 5, Corning Inc's Director, Roger W. Ferguson Jr., invested $59,977.20 into 1,324 shares of GLW, for a cost per share of $45.30. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Corning Inc (NYSE:GLW) and achieve a cost basis even cheaper than Ferguson Jr., with shares changing hands as low as $45.27 per share. Corning Inc shares are currently trading off about 1.5% on the day. The chart below shows the one year performance of GLW shares, versus its 200 day moving average:
Looking at the chart above, GLW's low point in its 52 week range is $18.82 per share, with $46.82 as the 52 week high point — that compares with a last trade of $45.28. By comparison, below is a table showing the prices at which GLW insider buying was recorded over the last six months:
The current annualized dividend paid by Corning Inc is $0.96/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 05/27/2021. Below is a long-term dividend history chart for GLW, which can be of good help in judging whether the most recent dividend with approx. 2.1% annualized yield is likely to continue.
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