GLW
Corning Incorporated Technology - Electronic Components Investor Relations →
Corning Incorporated (GLW) closed at $194.92 as of 2026-06-19, trading 257.5% above its 200-week moving average of $54.52. The stock moved further from the line this week, up from 233.6% last week. With a 14-week RSI of 71, GLW is in overbought territory.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.12 ratio) is neutral — neither side is clearly dominating.
Over the past 2272 weeks of data, GLW has crossed below its 200-week moving average 25 times. On average, these episodes lasted 24 weeks. Historically, investors who bought GLW at the start of these episodes saw an average one-year return of +15.5%.
With a market cap of $167.8 billion, GLW is a large-cap stock. The company generates a free cash flow yield of 0.4%. Return on equity stands at 16.7%, a solid level. The stock trades at 15.0x book value.
Share count has increased 4.2% over three years, indicating dilution.
Over the past 33.5 years, a hypothetical investment of $100 in GLW would have grown to $3396, compared to $3097 for the S&P 500. That represents an annualized return of 11.1% vs 10.8% for the index — confirming GLW as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 11.8% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: GLW vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After GLW Crosses Below the Line?
Across 22 historical episodes, buying GLW when it crossed below its 200-week moving average produced an average return of +18.2% after 12 months (median +21.0%), compared to +16.3% for the S&P 500 over the same periods. 73% of those episodes were profitable after one year. After 24 months, the average return was +66.0% vs +36.0% for the index.
Each line shows $100 invested at the moment GLW crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices GLW would reach each dislocation threshold.
Dislocation Price Levels
Prices where GLW's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-28.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $132.08 | Unusually cheap — potential buy zone |
| Value | +1σ | $160.58 | Cheap vs. own history |
| Fair Value | +0σ | $204.76 | Historical mean behavior |
| Expensive | -1σ | $282.48 | Expensive vs. own history |
| Deep Expensive | -2σ | $455.30 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from GLW's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
GLW has crossed below its 200-week MA 25 times with an average 1-year return of +15.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1984 | Mar 1984 | 1 | 1.2% | +31.4% | +20120.0% |
| Oct 1987 | Jan 1988 | 13 | 6.0% | +43.0% | +11301.4% |
| May 1988 | May 1988 | 3 | 2.5% | +35.5% | +10797.6% |
| Oct 1993 | Jan 1994 | 13 | 16.2% | +18.9% | +4257.1% |
| Aug 1994 | Sep 1994 | 7 | 4.6% | +4.0% | +3764.2% |
| Nov 1994 | Mar 1995 | 16 | 8.7% | -8.9% | +3727.9% |
| May 1995 | Jun 1995 | 3 | 2.3% | +26.1% | +3579.1% |
| Jul 1995 | Jan 1996 | 28 | 18.6% | +17.8% | +3529.5% |
| Jul 1998 | Oct 1998 | 14 | 27.8% | +116.1% | +2638.3% |
| Feb 2001 | Oct 2004 | 191 | 95.8% | -75.7% | +978.3% |
| Jul 2008 | Aug 2008 | 5 | 2.2% | -26.0% | +1352.8% |
| Aug 2008 | Jan 2010 | 71 | 61.4% | -21.3% | +1334.4% |
| Jan 2010 | Mar 2010 | 8 | 8.8% | +5.4% | +1452.4% |
| May 2010 | Oct 2010 | 23 | 14.6% | +17.0% | +1537.9% |
| Oct 2010 | Nov 2010 | 5 | 4.0% | -15.3% | +1462.1% |
| Jun 2011 | May 2013 | 100 | 29.6% | -25.5% | +1492.2% |
| Jun 2013 | Jul 2013 | 6 | 6.1% | +45.4% | +1710.6% |
| Aug 2013 | Oct 2013 | 11 | 7.6% | +35.2% | +1690.2% |
| Jan 2020 | Feb 2020 | 1 | 2.7% | +38.6% | +767.3% |
| Feb 2020 | Jul 2020 | 20 | 34.7% | +65.3% | +870.2% |
| Jun 2022 | Jul 2022 | 3 | 0.2% | +16.2% | +577.4% |
| Sep 2022 | Oct 2022 | 4 | 9.2% | +6.5% | +606.9% |
| Dec 2022 | Jan 2023 | 2 | 0.7% | -1.4% | +569.4% |
| May 2023 | Jun 2023 | 5 | 3.8% | +11.0% | +569.7% |
| Aug 2023 | Apr 2024 | 37 | 17.8% | +29.4% | +549.9% |
| Average | 24 | — | +15.5% | — |
Frequently Asked Questions
Is GLW below its 200-week moving average?
No. Corning Incorporated (GLW) is currently 257.5% above its 200-week moving average of $54.52. It would need to fall to $54.52 to cross below the line.
What is GLW's 200-week moving average price?
Corning Incorporated's 200-week moving average is $54.52 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when GLW drops below its 200-week moving average?
GLW has crossed below its 200-week moving average 25 times in our data. On average, buying at that moment produced a one-year return of +15.5%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is GLW a good value right now?
Here's what our data says about GLW as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 71 (overbought). Free cash flow yield is 0.4%. Return on equity is 16.7%. Price-to-book is 15.0x. This is not a buy or sell recommendation — always do your own research.
How does GLW compare to the S&P 500?
Over the past 33.5 years, $100 invested in GLW would have grown to $3396, compared to $3097 for the S&P 500. That's 11.1% annualized vs 10.8% for the index. GLW has outperformed the broader market over this period.
Does GLW pay a dividend?
Yes. Corning Incorporated currently pays a dividend yield of 63.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19