May be the Game Changers or Not: Chubb Limited (CB) and Corning Incorporated (GLW)

On Dec 18, Keogh John W, Executive Vice Chairman* sold 26,074 shares of Chubb Limited (NYSE: CB), with the average selling price of the stock being $155.41 per share. The total amount realized from this sold $4,052,256. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Executive Vice President* – BOROUGHS TIMOTHY ALAN sold an extra 1,700 shares of this stock in a transaction that took place a day before, on Dec 17, with a share sold at an average of $155.39 and a total of $264,163 was realized from this transaction. After the transaction, the Executive Vice President* – BOROUGHS TIMOTHY ALAN was left with 3,260 shares of the company’s stock, which is currently worth around $506571.4.

The recent price movement of CB means that it is now down by -6.86% from its 52-week high and 17.66% up against its 52-week low prices. Over the past one week, the price volatility of CB stands at 1.48% while the volatility over the past one month is 1.13%. The beta score for this stock is 0.65. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/29/2019 published its latest quarterly earnings, with the report showing that the company recorded 2.02 earnings per share (EPS) during that period. This report was above the expectations of analysts of 1.97 by 0.05. The revenue by the firm was 7.21B for the quarter.

The shares of Chubb Limited (CB) gained by 0.35%, leading to a gain of $0.53 per share, and saw CB end the trading session at $151.29 on Wednesday 01/15/20. CB started the trading session at $150.24, before reaching a daily high of $151.47. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $149.45.

The trading volume on Wednesday stood at 1365861, which was below the stock’s 3-month average volume of 1.55 million shares, out of a total 450.66M shares. As the price of the stock climbed, the market valuation of the company gained to 69.91 billion.

The shares of Corning Incorporated (NYSE: GLW) went down by -1.46% by the end of the recent trading session. This movement saw its price plunge to close at $29.67, which was lower than the previous closing price of $30.11. Over the past one week, the price of GLW has slipped by -1.23%, while it has recorded a gain of 3.24% over the past one month. Its three-month performance saw GLW gain 0.47% while its six-month performance saw it drop by -9.95%. The situation is different though over the past one year, as the stock price went down by -1.43%, while its year-to-date (YTD) price performance jumped by 1.92%. The stock price has gone up by +7.31% compared to its 90-day low, while it is down -4.60% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 5,470,740 shares, with the short-term indicators averagely rating the stock as a 50% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 4,786,660 shares and the indicators have an average rating of Hold. The last indicators, the long-term see GLW stock with a 100-Day average volume of 5,242,291 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves GLW with an average rating of 8% Buy.

Several brokerage firms sent out their reports GLW stock not long ago. In its report sent out on January 08, 2020, Morgan Stanley lowered its ratings on GLW from a Overweight to a Equal-Weight. In an earlier report on October 30, 2019, Deutsche Bank Downgrade the stock from a Buy to a Hold. BofA/Merrill meanwhile in its report on September 17, 2019 Reiterated its rating of the stock to “Buy”.

In related news to the company’s stock, around 76.30% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 1061 institutions currently hold the GLW stock. In the last quarter, a 572,037,100 GLW shares were in the possession of institutions. On the other hand, the company recorded 70 new institutions who bought it their stock, while 108 institutions sold their entire GLW reserve. Of the current institutions investing in the stock, 405 increased their investment while 471 decreased their investment in the stock.