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 $10.33 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 Tuesday, Owens Corning [NYSE:OC] saw its stock fall -2.21% to $180.96. Over the last five days, the stock has lost -1.04%. Owens Corning shares have risen nearly 22.08% since the year began. Nevertheless, the stocks have risen 62.25% over the past one year. While a 52-week high of $191.44 was reached on 10/17/24, a 52-week low of $111.57 was recorded on 02/20/24. SMA at 50 days reached $173.16, while 200 days put it at $167.36.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 179.04, which if violated will result in even more drops to 177.13. On the upside, there is a resistance level at 182.44. A further resistance level may holdings at 183.92. The Relative Strength Index (RSI) on the 14-day chart is 51.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.70%. Stochastics %K at 54.05% indicates the stock is a holding.
How much short interest is there in Owens Corning?
A steep rise in short interest was recorded in Owens Corning stocks on 2024-10-15, growing by 65206.0 shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.57 million shares. There was a rise of 3.99%, which implies that there is a positive sentiment for the stock.
