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 $501,694 were sold by Mendez-Andino Jose on Nov 19 ’24. At $193.48 per share, Mendez-Andino Jose sold 2,593 shares. The insider’s holdings dropped to 12,304 shares worth approximately $2.43 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Mendez-Andino Jose purchased 2,593 shares, netting a total of over 501,694 in proceeds.
Before that, MORRIS W HOWARD had sold 221 shares from its account. In a trade valued at $43,489, the Director traded Owens Corning shares for $196.78 each. Upon closing the transaction, the insider’s holdings decreased to 221 shares, worth approximately $8.22 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 1.19%. Over the course of the year, Owens Corning shares have jumped approximately 33.29%. Shares of the company reached a 52-week high of $199.54 on 11/14/24 and a 52-week low of $138.70 on 02/20/24. A 50-day SMA is recorded $182.01, while a 200-day SMA reached $170.53. Nevertheless, trading volume fell to 0.54 million shares from 0.64 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 194.91, which, if violated, would cause prices to drop to 192.25. In the upper region, resistance lies at 199.33. The next price resistance is at 201.09. RSI (Relative Strength Index) is 66.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.21, which suggests the price will increase in the coming days. Percent R is at 7.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
