Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Owens Corning shares valued at $520,950 were sold by Fister Todd W on Jun 27 ’24. At $173.65 per share, Fister Todd W sold 3,000 shares. The insider’s holdings dropped to 31,626 shares worth approximately $5.56 million following the completion of this transaction.
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Also, Fister Todd W sold 3,000 shares, netting a total of over 542,550 in proceeds. Following the sale of shares at $180.85 each, the insider now holds 34,626 shares.
Before that, Doerfler Mari had sold 240 shares from its account. In a trade valued at $43,692, the Vice President and Controller traded Owens Corning shares for $182.05 each. Upon closing the transaction, the insider’s holdings decreased to 240 shares, worth approximately $0.87 million.
As published in a research note from Citigroup on July 11, 2024, Owens Corning [OC] has been rated up from a Neutral to a Buy and the price target has been revised to $191 from $178. Earlier on May 21, 2024, RBC Capital Mkts resumed its rating. Their recommendation was “an Outperform” for OC stock.
Analyzing OC Stock Performance
During the last five days, there has been a surge of approximately 0.77%. Over the course of the year, Owens Corning shares have jumped approximately 18.55%. 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 $175.53, while a 200-day SMA reached $155.03. Nevertheless, trading volume fell to 0.53 million shares from 0.62 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 173.32, which, if violated, would cause prices to drop to 170.91. In the upper region, resistance lies at 178.82. The next price resistance is at 181.92. RSI (Relative Strength Index) is 51.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.70, which suggests the price will increase in the coming days. Percent R is at 37.03%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
