Owens Corning’s recently made public that its Officer Beredo Gina A. acquired Company’s shares for reported $0.57 million on Feb 10 ’25. In the deal valued at $183.49 per share,3,125 shares were bought.
Then, Mendez-Andino Jose sold 218 shares, generating $40,105 in total proceeds. Upon selling the shares at $183.97, the EVP, Chief R&D Officer now owns 13,674 shares.
Before that, Del Monaco Nicolas sold 1,750 shares. Owens Corning shares valued at $321,948 were divested by the President, Insulation at a price of $183.97 per share. As a result of the transaction, Del Monaco Nicolas now holds 11,635 shares, worth roughly $2.1 million.
Wells Fargo upgraded its Owens Corning [OC] rating to an Overweight from a an Equal weight in a research note published on December 17, 2024; the price target was increased to $225 from $195. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Citigroup also remained covering OC and has increased its forecast on July 11, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of OC
On Monday, Owens Corning [NYSE:OC] saw its stock fall -0.48% to $180.14. Over the last five days, the stock has gained 0.02%. Owens Corning shares have risen nearly 5.77% since the year began. Nevertheless, the stocks have risen 13.60% over the past one year. While a 52-week high of $214.53 was reached on 01/27/25, a 52-week low of $138.70 was recorded on 01/13/25. SMA at 50 days reached $184.13, while 200 days put it at $177.54.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 178.62, which if violated will result in even more drops to 177.11. On the upside, there is a resistance level at 182.57. A further resistance level may holdings at 185.01. The Relative Strength Index (RSI) on the 14-day chart is 46.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.32%. Stochastics %K at 32.05% 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 2025-01-15, dropping by -0.54 million shares to a total of 0.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.45 million shares. There was a decline of -60.14%, which implies that there is a negative sentiment for the stock.
