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Barchart
Barchart
Mark R. Hake, CFA

Unusual Call Option Volume in Corning Stock Highlights Its Value

Corning GLW ITM Barchart Corning Inc

Today, a large volume of in-the-money (ITM) call options in Corning Inc. (GLW) stock traded, highlighting its underlying value. The optic fiber company has attracted value investors with its strong free cash flow (FCF) results.

GLW is at $48.59 in midday trading on Wednesday, March 19, well off its recent high of $54.25 on Jan. 24, just before its Jan. 29 Q4 earnings release. However, GLW stock is up from its recent low of $44.91 on March 11. Based on its strong free cash flow (FCF) results, it could have much more to go.

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