ING Groep NV significantly reduced its stake in Corning Incorporated (NYSE:GLW) by 69.9% in the third quarter, selling 323,352 shares and now owning 138,974 shares valued at $11,400,000. Despite this, other institutions like Krilogy Financial and Stratos Wealth Partners increased their positions, and analysts generally hold a “Moderate Buy” rating with an average price target of $112.36. The stock has seen both positive news, such as a major Meta AI fiber deal and a dividend announcement, and negative sentiment from insider stock sales.
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ING Groep NV Trims Stock Position in Corning Incorporated $GLW
ING Groep NV significantly reduced its stake in Corning Incorporated (NYSE:GLW) by 69.9% in the third quarter, selling 323,352 shares and now owning 138,974 shares valued at $11,400,000. Despite this, other institutions like Krilogy Financial and Stratos Wealth Partners increased their positions, and analysts generally hold a “Moderate Buy” rating with an average price target of $112.36. The stock has seen both positive news, such as a major Meta AI fiber deal and a dividend announcement, and negative sentiment from insider stock sales.