Insider Trading Alert - GLW, IMPV And HIW Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Aug. 5, 2014, 114 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $201.96 to $442,750,000.00.

Highlighted Stocks Traded by Insiders:

Corning (GLW) - FREE Research Report

Steverson Lewis A, who is Senior Vice President at Corning, sold 30,102 shares at $20.00 on Aug. 5, 2014. Following this transaction, the Senior Vice President owned 103,806 shares meaning that the stake was reduced by 22.48% with the 30,102-share transaction.

The shares most recently traded at $19.93, down $0.07, or 0.36% since the insider transaction. Historical insider transactions for Corning go as follows:

  • 4-Week # shares sold: 11,027
  • 12-Week # shares sold: 11,027
  • 24-Week # shares sold: 11,027

The average volume for Corning has been 7.8 million shares per day over the past 30 days. Corning has a market cap of $25.9 billion and is part of the technology sector and electronics industry. Shares are up 12.51% year-to-date as of the close of trading on Tuesday.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The stock currently has a dividend yield of 2%. The company has a P/E ratio of 22.3. Currently, there are 6 analysts who rate Corning a buy, 1 analyst rates it a sell, and 8 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on GLW - FREE

TheStreet Quant Ratings rates Corning as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning Ratings Report from TheStreet Quant Ratings now.

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