Shares of Corning (GLW.US) fell sharply in early trading on Thursday, declining nearly 9% to a current price of $158.64.
This move extends the stock's total decline to approximately 38% from its previous all-time high.
The downturn follows a report that JPMorgan placed the company on a "negative catalyst watch" list ahead of its second-quarter earnings release.
The bank cited elevated valuation as the primary reason for this action, not concerns over operational performance.
JPMorgan maintained a "neutral" rating on Corning with a price target of $200.
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