Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Owens Corning shares valued at $542,550 were sold by Fister Todd W on Jun 13 ’24. At $180.85 per share, Fister Todd W sold 3,000 shares. The insider’s holdings dropped to 34,626 shares worth approximately $5.95 million following the completion of this transaction.
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Also, Doerfler Mari sold 240 shares, netting a total of over 43,692 in proceeds. Following the sale of shares at $182.05 each, the insider now holds 4,954 shares.
Before that, Sandri Marcio A had sold 9,697 shares from its account. In a trade valued at $1,726,066, the President, Composites traded Owens Corning shares for $178.00 each. Upon closing the transaction, the insider’s holdings decreased to 9,697 shares, worth approximately $10.81 million.
As of May 21, 2024, RBC Capital Mkts has reiterated its “an Outperform” rating for OC. Earlier on February 15, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for OC stock which previously was a “an Outperform”.
Analyzing OC Stock Performance
During the last five days, there has been a drop of approximately -2.14%. Over the course of the year, Owens Corning shares have jumped approximately 15.95%. Shares of the company reached a 52-week high of $184.00 on 06/03/24 and a 52-week low of $138.70 on 02/20/24. A 50-day SMA is recorded $174.46, while a 200-day SMA reached $151.52. Nevertheless, trading volume fell to 0.81 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Owens Corning (OC)
According to the 24-hour chart, there is a support level at 170.13, which, if violated, would cause prices to drop to 168.40. In the upper region, resistance lies at 174.04. The next price resistance is at 176.22. RSI (Relative Strength Index) is 42.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.80, which suggests the price will decrease in the coming days. Percent R is at 87.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
