Corning Stock Drops 8.72% in Six Days as Airspan Acquires Wireless Business Ranking 304th in Market Activity

On April 1, 2025, Corning (GLW) experienced a significant decline, with its trading volume dropping by 38.09% to 2.76 billion, ranking 304th in the day's market activity. The stock price fell by 0.52%, marking the sixth consecutive day of decline, with a total decrease of 8.72% over the past six days.

Airspan Networks Holdings LLC has successfully completed the acquisition of Corning Incorporated’s wireless business. This transaction grants Airspan full ownership and operational control of Corning’s wireless assets, including its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access network (RAN).

This acquisition is expected to have a significant impact on Corning's future performance, as it divests itself of a major segment of its business. The sale of the wireless division could allow Corning to focus more on its core competencies, potentially leading to improved operational efficiency and strategic growth in other areas.