Owens Corning’s recent filing unveils that its EVP, Chief R&D Officer Mendez-Andino Jose unloaded Company’s shares for reported $0.33 million on Feb 14 ’25. In the deal valued at $179.22 per share,1,821 shares were sold. As a result of this transaction, Mendez-Andino Jose now holds 11,853 shares worth roughly $ 2.11 million.
Then, Mendez-Andino Jose bought 1,821 shares, generating $326,360 in total proceeds.
Before that, Beredo Gina A. sold 3,125 shares. Owens Corning shares valued at $573,406 were divested by the EVP, GC and Secretary at a price of $183.49 per share. As a result of the transaction, Beredo Gina A. now holds 22,418 shares, worth roughly $3.98 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 Tuesday, Owens Corning [NYSE:OC] saw its stock fall -0.98% to $177.62. Over the last five days, the stock has lost -1.40%. Owens Corning shares have risen nearly 4.29% since the year began. Nevertheless, the stocks have risen 24.18% 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 $181.44, while 200 days put it at $177.80.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 175.90, which if violated will result in even more drops to 174.19. On the upside, there is a resistance level at 179.26. A further resistance level may holdings at 180.90. The Relative Strength Index (RSI) on the 14-day chart is 43.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.12%. Stochastics %K at 32.59% indicates the stock is a holding.
