Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Owens Corning shares valued at $538,502 were sold by Sandri Marcio A on Sep 19 ’24. At $176.50 per share, Sandri Marcio A sold 3,051 shares. The insider’s holdings dropped to 57,079 shares worth approximately $10.54 million following the completion of this transaction.
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Also, Sandri Marcio A sold 3,050 shares, netting a total of over 518,500 in proceeds. Following the sale of shares at $170.00 each, the insider now holds 60,130 shares.
Before that, Sandri Marcio A had added 3,051 shares to its account. In a trade valued at $538,502, the Officer bought Owens Corning shares for $176.50 each.
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 1.69%. Over the course of the year, Owens Corning shares have jumped approximately 24.56%. Shares of the company reached a 52-week high of $191.44 on 10/17/24 and a 52-week low of $138.70 on 02/20/24. A 50-day SMA is recorded $174.91, while a 200-day SMA reached $168.29. Nevertheless, trading volume fell to 1.45 million shares from 0.74 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 176.16, which, if violated, would cause prices to drop to 167.68. In the upper region, resistance lies at 191.51. The next price resistance is at 198.38. RSI (Relative Strength Index) is 56.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 36.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
