Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Owens Corning shares valued at $43,489 were purchased by MORRIS W HOWARD on Nov 13 ’24. At $196.79 per share, MORRIS W HOWARD acquired 221 shares.
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Also, Sandri Marcio A sold 3,051 shares, netting a total of over 538,502 in proceeds. Following the sale of shares at $176.50 each, the insider now holds 57,079 shares.
Before that, Sandri Marcio A had sold 3,050 shares from its account. In a trade valued at $518,500, the President, Composites traded Owens Corning shares for $170.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,050 shares, worth approximately $11.77 million.
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 6.03%. Over the course of the year, Owens Corning shares have jumped approximately 32.07%. Shares of the company reached a 52-week high of $197.58 on 11/13/24 and a 52-week low of $138.70 on 02/20/24. A 50-day SMA is recorded $177.65, while a 200-day SMA reached $169.32. Nevertheless, trading volume fell to 1.05 million shares from 0.7 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 193.10, which, if violated, would cause prices to drop to 190.43. In the upper region, resistance lies at 198.01. The next price resistance is at 200.25. RSI (Relative Strength Index) is 66.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.23, which suggests the price will increase in the coming days. Percent R is at 7.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
