The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. O-I Glass Inc shares valued at $147,943 were purchased by BURNS RANDOLPH L on Nov 04 ’24. At $11.38 per share, BURNS RANDOLPH L acquired 13,000 shares. The insider’s holdings grew to 70,817 shares worth approximately $0.89 million following the completion of this transaction.
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Also, Haudrich John purchased 8,000 shares, netting a total of over 97,991 in proceeds. Following the buying of shares at $12.25 each, the insider now holds 350,846 shares.
Before that, Humphrey John had added 15,000 shares to its account. In a trade valued at $169,444, the Director bought O-I Glass Inc shares for $11.30 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $1.06 million.
As published in a research note from BofA Securities on October 17, 2024, O-I Glass Inc [OI] has been rated up from a Neutral to a Buy and the price target has been revised to $16 from $14. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of January 16, 2024, UBS has initiated its “Buy” rating for OI. Earlier on January 03, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for OI stock which previously was a “a Buy”.
Analyzing OI Stock Performance
During the last five days, there has been a drop of approximately -1.64%. Over the course of the year, O-I Glass Inc shares have dropped approximately -23.32%. Shares of the company reached a 52-week high of $17.58 on 04/03/24 and a 52-week low of $10.08 on 07/09/24. A 50-day SMA is recorded $12.69, while a 200-day SMA reached $13.35. Nevertheless, trading volume fell to 0.92 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for O-I Glass Inc (OI)
According to the 24-hour chart, there is a support level at 12.22, which, if violated, would cause prices to drop to 11.88. In the upper region, resistance lies at 12.73. The next price resistance is at 12.90. RSI (Relative Strength Index) is 49.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 38.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
