In a filing, Owens Corning revealed its Director MORRIS W HOWARD unloaded Company’s shares for reported $43489.0 on Nov 13 ’24. In the deal valued at $196.78 per share,221 shares were sold. As a result of this transaction, MORRIS W HOWARD now holds 41,580 shares worth roughly $8.12 million.
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Then, MORRIS W HOWARD bought 221 shares, generating $43,489 in total proceeds.
Before that, Sandri Marcio A sold 3,051 shares. Owens Corning shares valued at $538,502 were divested by the President, Composites at a price of $176.50 per share. As a result of the transaction, Sandri Marcio A now holds 57,079 shares, worth roughly $11.15 million.
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 jump 0.68% to $195.30. Over the last five days, the stock has gained 0.95%. Owens Corning shares have risen nearly 31.75% since the year began. Nevertheless, the stocks have risen 51.06% over the past one year. While a 52-week high of $199.54 was reached on 11/14/24, a 52-week low of $128.79 was recorded on 02/20/24. SMA at 50 days reached $179.89, while 200 days put it at $169.93.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 192.07, which if violated will result in even more drops to 188.85. On the upside, there is a resistance level at 198.29. A further resistance level may holdings at 201.29. The Relative Strength Index (RSI) on the 14-day chart is 64.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.97%. Stochastics %K at 81.23% 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 2024-10-31, dropping by 53295.0 shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.62 million shares. There was a decline of -3.4%, which implies that there is a negative sentiment for the stock.
