In a filing, Owens Corning revealed its EVP, Chief R&D Officer Mendez-Andino Jose unloaded Company’s shares for reported $0.5 million on Nov 19 ’24. In the deal valued at $193.48 per share,2,593 shares were sold. As a result of this transaction, Mendez-Andino Jose now holds 12,304 shares worth roughly $2.59 million.
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Then, Mendez-Andino Jose bought 2,593 shares, generating $501,694 in total proceeds.
Before that, MORRIS W HOWARD sold 221 shares. Owens Corning shares valued at $43,489 were divested by the Director at a price of $196.78 per share. As a result of the transaction, MORRIS W HOWARD now holds 41,580 shares, worth roughly $8.77 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 3.97% to $210.81. Over the last five days, the stock has gained 7.94%. Owens Corning shares have risen nearly 42.22% since the year began. Nevertheless, the stocks have risen 58.43% over the past one year. While a 52-week high of $203.40 was reached on 11/25/24, a 52-week low of $131.61 was recorded on 02/20/24. SMA at 50 days reached $183.62, while 200 days put it at $171.06.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 205.72, which if violated will result in even more drops to 200.62. On the upside, there is a resistance level at 215.22. A further resistance level may holdings at 219.62. The Relative Strength Index (RSI) on the 14-day chart is 76.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.31%. Stochastics %K at 93.56% 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.
