U.S. stock market anomaly | Corning (GLW.US) fell nearly 9% in early trading, a cumulative decline of 38% from its previous historical high.

According to the Wise Finance app, on Thursday, Corning (GLW.US) fell nearly 9% in early trading, down 38% from its previous historical high, and is now trading at $158.64. On the news front, JPMorgan Chase placed Corning on its "negative catalyst watchlist" before the release of its second-quarter financial report, not due to its performance, but because its valuation was too high. The bank maintains a "neutral" rating on Corning with a target price of $200.