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Barchart
Barchart
Mark R. Hake, CFA

Investors Trade Corning Inc Long-Dated Call Options in Unusually Heavy Volume - Bullish on GLW

GLW Corning Corning Inc ITM Barchart

Investors have been piling into a long-dated, in-the-money (ITM) call option contract on Corning Inc. (GLW), as seen in a Barchart report today. That's a very bullish signal from investors, as Corning will benefit from data-center and AI-related demand. This could lead to strong free cash flow (FCF) forecasts.

GLW stock is at $162.09 in midday trading today. That's up from a recent bottom at the end of July ($124.05 on July 29). The company reported strong results on July 28 before the market open and has been rising since.

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