Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Owens Corning shares valued at $573,406 were sold by Beredo Gina A. on Feb 10 ’25. At $183.49 per share, Beredo Gina A. sold 3,125 shares. The insider’s holdings dropped to 22,418 shares worth approximately $3.99 million following the completion of this transaction.
Also, Fister Todd W sold 9,869 shares, netting a total of over 1,776,420 in proceeds. Following the sale of shares at $180.00 each, the insider now holds 28,174 shares.
Before that, Fister Todd W had added 9,869 shares to its account. In a trade valued at $1,776,420, the Officer bought Owens Corning shares for $180.00 each.
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 drop of approximately -3.21%. Over the course of the year, Owens Corning shares have jumped approximately 4.53%. Shares of the company reached a 52-week high of $192.96 on 01/27/25 and a 52-week low of $163.89 on 01/13/25. A 50-day SMA is recorded $182.41, while a 200-day SMA reached $177.71. Nevertheless, trading volume fell to 0.89 million shares from 0.76 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 175.70, which, if violated, would cause prices to drop to 173.37. In the upper region, resistance lies at 179.53. The next price resistance is at 181.03. RSI (Relative Strength Index) is 44.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.69, which suggests the price will decrease in the coming days. Percent R is at 71.52%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
