GLW shares erased part of a 28% decline after six consecutive sessions of losses, recovering to near July levels.
Corning (GLW) shares climbed 6% Thursday, halting a six-day losing streak that had cut the stock’s value by 28%. The advance marked the first positive session since July 29, when the stock closed at $255.69.
The slide had accelerated in recent sessions, with the steepest losses occurring earlier in the week. Prior to the rebound, GLW had underperformed broader tech and materials sectors amid concerns over demand in key markets.
The move provided temporary relief to investors, though the stock remains below its late-July peak.