Stocks making the biggest moves before the bell: Tesla, Broadcom, Dave & Buster's and more
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2024
0mins
Should l Buy GLW?
Source: CNBC
- Tesla: Shares surged by 7% after Elon Musk confirmed that his $56 billion pay package and the company's move to Texas were likely to pass a shareholder vote, despite initial criticism.
- Broadcom: Stock prices rose nearly 14% following an earnings and revenue beat announcement along with a 10-for-1 stock split. The chipmaker's adjusted earnings per share exceeded analyst expectations.
- Dave & Buster's: The entertainment and restaurant chain experienced a 10% drop in shares due to first-quarter sales falling short of projections. Revenue was reported at $588 million, below the expected $621 million.
- Oxford Industries: Share prices fell by 4% after the clothing maker reported weaker-than-expected earnings. Adjusted earnings per share and revenue figures missed analyst estimates, leading to softer guidance for the upcoming quarter and full year.
- Virgin Galactic: The space tourism company saw an 8.5% decline in shares as its board approved a 1-for-20 reverse stock split, with the stock trading below $1.
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Analyst Views on GLW
Wall Street analysts forecast GLW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLW is 99.00 USD with a low forecast of 83.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 122.160
Low
83.00
Averages
99.00
High
110.00
Current: 122.160
Low
83.00
Averages
99.00
High
110.00
About GLW
Corning Incorporated operates as an innovator in materials science. Its segments include Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. Its Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Its Display Technologies segment manufactures glass substrates for flat-panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment develops, manufactures and supplies laboratory products, including labware, equipment, media, serum and reagents, enabling workflow solutions for drug discovery and bioproduction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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