In a filing, O-I Glass Inc revealed its Director Humphrey John acquired Company’s shares for reported $0.17 million on Aug 06 ’24. In the deal valued at $11.30 per share,15,000 shares were bought. As a result of this transaction, Humphrey John now holds 84,227 shares worth roughly $0.96 million.
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BofA Securities downgraded its O-I Glass Inc [OI] rating to a Neutral from a a Buy in a research note published on April 19, 2024; the price target was decreased to $16 from $21. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Citigroup also remained covering OI and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “Buy” rating. Barclays revised its rating on October 11, 2023. It rated OI as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of OI
On Monday, O-I Glass Inc [NYSE:OI] saw its stock fall -2.23% to $11.38. Over the last five days, the stock has gained 0.80%. O-I Glass Inc shares have fallen nearly -30.53% since the year began. Nevertheless, the stocks have fallen -43.75% over the past one year. While a 52-week high of $20.29 was reached on 04/03/24, a 52-week low of $10.08 was recorded on 07/09/24. SMA at 50 days reached $11.46, while 200 days put it at $14.30.
Levels Of Support And Resistance For OI Stock
The 24-hour chart illustrates a support level at 11.19, which if violated will result in even more drops to 11.00. On the upside, there is a resistance level at 11.64. A further resistance level may holdings at 11.90. The Relative Strength Index (RSI) on the 14-day chart is 48.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.62%. Stochastics%K at 19.61% indicates the stock is a buying.
How much short interest is there in O-I Glass Inc?
A steep rise in short interest was recorded in O-I Glass Inc stocks on
