Dallas, Texas 11/20/2013 (Financialstrend) – In Tuesday’s trading session, Corning Incorporated (NYSE:GLW) rose by 0.48%. The shares opened at a price of $16.77, which touched the intraday high of $17.02and headed to a close of $16.86. Approximately 9.31 million shares were traded on Tuesday and an average volume of 17.02 million shares were traded over a 30 day period. The 52-week low of Corning Incorporated (NYSE:GLW) shares is $10.95 and its 52-week high is $18.07. The company has a market capitalization of $24.40 billion.
About the company
Corning Incorporated (NYSE:GLW) was formed on 24th December 1936. It is a global, technology based company. Corning Incorporated (NYSE:GLW) operates in f5 different segments: First- Display Technologies, second- Telecommunications, third- Environmental Technologies, fourth- Specialty Materials and fifth- Life Sciences. In the year that ended on 31st December 2011, Corning Incorporated (NYSE:GLW) launched Corning Lotus Glass. This revolutionary glass is environmentally-friendly, display glass that has been developed to allow technologies, such as organic light-emitting diode displays & the next generation liquid-crystal-displays (LCD).
Corning Incorporated (NYSE:GLW)’s Lotus Glass support the very demanding manufacturing processes of the OLED & the liquid crystal-displays that are used in portable devices, like smartphones, tablets & notebook computers. In the year that ended 31st December 2011, Corning Incorporated (NYSE:GLW) introduced Corning Gorilla-Glass 2. This is a next-generation in the Corning Incorporated (NYSE:GLW)’s Gorilla Glass product suite. In 2011 March, the company acquired all the outstanding shares from shareholders of MobileAccess. In 2011 December, it bought Mediatech, Inc. 2012 In November 2012, the company acquired the majority stake in the Discovery Labware business owned by Becton, Dickinson & Company. In 2013 May, it acquired Bargoa SA.
Display Technologies Segment
Corning Incorporated (NYSE:GLW)’s Display Technologies business manufactures glass-substrates that are used in active matrix-liquid crystal displays. These are mainly used in notebook computers, flat-panel desktop monitors & LCD televisions.