Corning Inc. (GLW) Chief Financial Officer James Flaws once nailed the eight-year low for the company’s stock in November 2008, buying 100,000 shares that now are worth 41% more. He’s looking to do the same again: On Aug. 10 and 11, he scooped up 75,000 shares at $13.49 to $13.77 a share.
This gives me a warm feeling about this stock and the future prospects for Gorilla Glass. Visually stunning, lightweight, and highly damage-resistant, Corning® Gorilla® Glass is changing the way the world thinks about glass. It helps protect the world’s coolest smartphones, tablets, PCs, and TVs from everyday wear and tear.
The stock traded at $14.46 today. I have a buy in for 1/4 more shares at $14.25. This will take my holding up to 3/4 of my target position in GLW.
Corning shares are hovering near two-year lows and are down 26% for the year, slugged by slowing sales of liquid-crystal display televisions.
Insider Trading Source: Matt Andrejczak
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