O-I Glass Inc’s filing revealed that its SVP, Chief Admin & Sus Officer BURNS RANDOLPH L acquired Company’s shares for reported $0.15 million on Nov 04 ’24. In the deal valued at $11.38 per share,13,000 shares were bought. As a result of this transaction, BURNS RANDOLPH L now holds 70,817 shares worth roughly $0.76 million.
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Then, Haudrich John bought 8,000 shares, generating $97,991 in total proceeds. Upon buying the shares at $12.25, the SVP & Chief Financial Officer now owns 350,846 shares.
Before that, Humphrey John bought 15,000 shares. O-I Glass Inc shares valued at $169,444 were divested by the Director at a price of $11.30 per share. As a result of the transaction, Humphrey John now holds 84,227 shares, worth roughly $0.9 million.
BofA Securities upgraded its O-I Glass Inc [OI] rating to a Buy from a a Neutral in a research note published on October 17, 2024; the price target was increased to $16 from $14. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. UBS began covering OI with “Buy” recommendation on January 16, 2024. Citigroup revised its rating on January 03, 2024. It rated OI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OI
On Tuesday, O-I Glass Inc [NYSE:OI] saw its stock fall -4.13% to $10.69. Over the last five days, the stock has lost -9.41%. O-I Glass Inc shares have fallen nearly -34.74% since the year began. Nevertheless, the stocks have fallen -32.47% over the past one year. While a 52-week high of $17.58 was reached on 04/03/24, a 52-week low of $10.08 was recorded on 07/09/24. SMA at 50 days reached $12.40, while 200 days put it at $12.94.
Levels Of Support And Resistance For OI Stock
The 24-hour chart illustrates a support level at 10.39, which if violated will result in even more drops to 10.08. On the upside, there is a resistance level at 11.04. A further resistance level may holdings at 11.38. The Relative Strength Index (RSI) on the 14-day chart is 26.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.30%. Stochastics %K at 6.83% indicates the stock is a buying.
How much short interest is there in O-I Glass Inc?
A steep rise in short interest was recorded in O-I Glass Inc stocks on 2024-11-29, dropping by -0.29 million shares to a total of 4.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.99 million shares. There was a decline of -6.22%, which implies that there is a negative sentiment for the stock.
