In a filing, Owens Corning revealed its President, Composites Sandri Marcio A unloaded Company’s shares for reported $0.54 million on Sep 19 ’24. In the deal valued at $176.50 per share,3,051 shares were sold. As a result of this transaction, Sandri Marcio A now holds 57,079 shares worth roughly $10.63 million.
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Then, Sandri Marcio A sold 3,050 shares, generating $518,500 in total proceeds. Upon selling the shares at $170.00, the President, Composites now owns 60,130 shares.
Before that, Sandri Marcio A bought 3,051 shares. Owens Corning shares valued at $538,502 were divested by the Officer at a price of $176.50 per share.
Citigroup upgraded its Owens Corning [OC] rating to a Buy from a a Neutral in a research note published on July 11, 2024; the price target was increased to $191 from $178. RBC Capital Mkts maintained its rating on May 21, 2024. It rated OC as “an Outperform”.
Price Performance Review of OC
On Monday, Owens Corning [NYSE:OC] saw its stock fall -1.79% to $186.20. Over the last five days, the stock has lost -0.68%. Owens Corning shares have risen nearly 25.62% since the year began. Nevertheless, the stocks have risen 51.59% over the past one year. While a 52-week high of $191.44 was reached on 10/17/24, a 52-week low of $109.95 was recorded on 02/20/24. SMA at 50 days reached $170.40, while 200 days put it at $166.38.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 184.39, which if violated will result in even more drops to 182.59. On the upside, there is a resistance level at 188.75. A further resistance level may holdings at 191.31. The Relative Strength Index (RSI) on the 14-day chart is 61.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.81%. Stochastics %K at 83.89% indicates the stock is a selling.
How much short interest is there in Owens Corning?
A steep rise in short interest was recorded in Owens Corning stocks on 2024-09-30, dropping by -0.13 million shares to a total of 1.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.75 million shares. There was a decline of -7.88%, which implies that there is a negative sentiment for the stock.
