Here's Why Corning (GLW) is Poised for a Turnaround After Losing -12% in 4 Weeks

Group 1 - Corning (GLW) has experienced a 12% decline in stock price over the past four weeks due to excessive selling pressure, but it is now in oversold territory, indicating a potential turnaround [1] - The Relative Strength Index (RSI) for GLW is currently at 25.96, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [5] - Analysts have raised earnings estimates for GLW by 0.4% over the last 30 days, indicating a positive trend that typically leads to price appreciation [7] Group 2 - GLW holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8]