Owens Corning’s recent filing unveils that 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 $2.42 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 $8.19 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 Tuesday, Owens Corning [NYSE:OC] saw its stock fall -1.07% to $196.92. Over the last five days, the stock has lost -2.68%. Owens Corning shares have risen nearly 32.85% since the year began. Nevertheless, the stocks have risen 37.36% over the past one year. While a 52-week high of $214.53 was reached on 11/25/24, a 52-week low of $138.70 was recorded on 02/20/24. SMA at 50 days reached $189.34, while 200 days put it at $173.96.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 194.56, which if violated will result in even more drops to 192.21. On the upside, there is a resistance level at 199.51. A further resistance level may holdings at 202.11. The Relative Strength Index (RSI) on the 14-day chart is 50.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.61%. Stochastics %K at 34.84% indicates the stock is a holding.
How much short interest is there in Owens Corning?
A steep rise in short interest was recorded in Owens Corning stocks on 2024-11-29, dropping by 87624.0 shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.57 million shares. There was a decline of -5.92%, which implies that there is a negative sentiment for the stock.
