Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Owens Corning shares valued at $3,336,266 were sold by Smith Gunner on Dec 13 ’24. At $191.19 per share, Smith Gunner sold 17,450 shares. The insider’s holdings dropped to 18,866 shares worth approximately $3.39 million following the completion of this transaction.
Also, Smith Gunner purchased 17,450 shares, netting a total of over 3,336,250 in proceeds.
Before that, Mendez-Andino Jose had sold 2,593 shares from its account. In a trade valued at $501,694, the EVP, Chief R&D Officer traded Owens Corning shares for $193.48 each. Upon closing the transaction, the insider’s holdings decreased to 2,593 shares, worth approximately $2.21 million.
As published in a research note from Wells Fargo on December 17, 2024, Owens Corning [OC] has been rated up from an Equal weight to an Overweight and the price target has been revised to $225 from $195. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of July 11, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for OC.
Analyzing OC Stock Performance
During the last five days, there has been a surge of approximately 6.36%. Over the course of the year, Owens Corning shares have jumped approximately 5.40%. Shares of the company reached a 52-week high of $183.96 on 01/15/25 and a 52-week low of $163.89 on 01/13/25. A 50-day SMA is recorded $186.59, while a 200-day SMA reached $175.96. Nevertheless, trading volume fell to 0.87 million shares from 0.56 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 177.16, which, if violated, would cause prices to drop to 174.81. In the upper region, resistance lies at 182.91. The next price resistance is at 186.31. RSI (Relative Strength Index) is 52.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.23, which suggests the price will increase in the coming days. Percent R is at 22.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
