New York, Feb 3, 2026, 07:00 EST — Premarket
- Corning shares showed little movement early Tuesday, following a sharp nearly 7% rise in the prior session.
- JPMorgan stuck with its Overweight rating, highlighting stronger trends in LCD panel prices.
- An SEC filing revealed that retired president Eric Musser offloaded 25,000 Corning shares on Monday.
Corning Incorporated’s stock held near $110.36 in early trading Tuesday, following a sharp 6.9% gain that pushed it to $110.36 at Monday’s close. Yahoo Finance
JPMorgan has reiterated its Overweight rating on the stock and maintained a $115 price target, signaling confidence that the shares will outperform. The bank noted that panel area shipments in December exceeded typical seasonal trends, while panel prices rose in January with further hikes anticipated in February. However, it cautioned that rising TV prices might still dampen unit demand. Investing.com
Data centers remain a hot topic. In a Tuesday report, Optica’s OPN magazine spotlighted Corning’s multi-year deal with Meta, valued at up to $6 billion. Meta executive Joel Kaplan emphasized that advanced U.S. data centers “require world-class partners,” while Corning CEO Wendell Weeks said the partnership boosts domestic supply chains. optica-opn.org
On Monday, retired president Eric S. Musser unloaded 25,000 Corning shares at a weighted average price of $110.0032, according to a Form 4 filed with the U.S. Securities and Exchange Commission. That sale leaves him holding 19,926 shares. Form 4 filings provide a record of stock moves by corporate insiders. Securities and Exchange Commission
Corning has hovered close to its recent highs, moving within a 52-week range of $37.31 to $113.99, data from Investing.com shows. Investing.com
After Monday’s close, the stock traded near $113 in after-hours, according to MarketWatch data. MarketWatch
Corning is widely recognized by consumers for its Gorilla Glass in smartphones. Recently, however, traders have shifted focus, viewing the company more as a bet on connectivity hardware and fiber demand linked to massive computing infrastructure projects.
Meta’s deal with Corning extends to 2030 and involves boosting Corning’s production capabilities in North Carolina. Meta will serve as a key client at Corning’s Hickory cable facility, according to a Reuters report last week. Reuters
Still, the rally sets a high bar. Any slip in panel pricing, a drop in TV demand, or a slower-than-anticipated ramp-up in large data-center orders might weigh on a stock that’s already surged.
During the regular session, eyes will be on Corning to see if it can stay above the $110 mark after the 9:30 a.m. ET open and if it attempts to challenge the $113.99 peak again.
