Corning Incorporated (GLW) Stock: Gaining On Takeover Chatter

0

Corning Incorporated (NYSE: GLW) is off to a relatively strong day in the market. The gains seem to be the result of takeover chatter being seen through social media. Of course, the concept of a takeover is exciting to investors who are pushing the stock upward. As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (11:18), GLW is trading at $29.52 per share after a gain of $0.35 per share or 1.20% thus far today.





GLW Gains On Takeover Chatter

As mentioned above, Corning Incorporated is having a strong time in the market at the moment as takeover chatter starts to surface. The rumor seems to have surfaced on social media and is nearly impossible to track back to the source. Not to mention, it’s an awfully vague one. The rumor doesn’t suggest who the buyer might be, nor the price at which the takeover might happen.




With that said, I’d like to remind you that we see takeover rumors regularly in the market. Unfortunately, very few of these rumors turn out to be true. Given the fact that this rumor was started on social media and is overwhelmingly vague, I would imagine that the GLW takeover rumor lacks validity. So, if you’re going to trade on this news, please do so with caution.

Stop wasting your time! Find winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on GLW. In particular, we’re interested in learning if there is any validity to the rumors. While we don’t think that’s the case, anything can happen in the market. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!

* indicates required









Previous articleSears Holdings (SHLD) Stock: Gains Big On Strong Earnings
Next articleUlta Beauty (ULTA) Stock: Gaining Big On Earnings
Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at CNAFinanceHelp@gmail.com Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.

LEAVE A REPLY

Please enter your comment!
Please enter your name here