Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. O-I Glass Inc shares valued at $97,991 were purchased by Haudrich John on Aug 15 ’24. At $12.25 per share, Haudrich John acquired 8,000 shares. The insider’s holdings grew to 350,846 shares worth approximately $4.56 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Humphrey John purchased 15,000 shares, netting a total of over 169,444 in proceeds. Following the buying of shares at $11.30 each, the insider now holds 84,227 shares.
As published in a research note from BofA Securities on April 19, 2024, O-I Glass Inc [OI] has been rated down from a Buy to a Neutral and the price target has been revised to $16 from $21. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of January 03, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for OI. Earlier on October 11, 2023, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for OI stock which previously was a “an Underweight”.
Analyzing OI Stock Performance
During the last five days, there has been a surge of approximately 8.98%. Over the course of the year, O-I Glass Inc shares have dropped approximately -20.70%. Shares of the company reached a 52-week high of $17.58 on 04/03/24 and a 52-week low of $10.08 on 07/09/24. A 50-day SMA is recorded $11.99, while a 200-day SMA reached $13.99. Nevertheless, trading volume fell to 1.07 million shares from 1.35 million shares the previous day.
Support And Resistance Levels for O-I Glass Inc (OI)
According to the 24-hour chart, there is a support level at 12.73, which, if violated, would cause prices to drop to 12.46. In the upper region, resistance lies at 13.32. The next price resistance is at 13.64. RSI (Relative Strength Index) is 61.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 21.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
#####
#####
