The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Owens Corning shares valued at $326,360 were sold by Mendez-Andino Jose on Feb 14 ’25. At $179.22 per share, Mendez-Andino Jose sold 1,821 shares. The insider’s holdings dropped to 11,853 shares worth approximately $2.04 million following the completion of this transaction.
Also, Mendez-Andino Jose purchased 1,821 shares, netting a total of over 326,360 in proceeds.
Before that, Beredo Gina A. had sold 3,125 shares from its account. In a trade valued at $573,406, the EVP, GC and Secretary traded Owens Corning shares for $183.49 each. Upon closing the transaction, the insider’s holdings decreased to 3,125 shares, worth approximately $3.86 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 drop of approximately -2.44%. Over the course of the year, Owens Corning shares have jumped approximately 1.05%. 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 $180.29, while a 200-day SMA reached $177.82. Nevertheless, trading volume fell to 0.72 million shares from 0.73 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 170.59, which, if violated, would cause prices to drop to 169.08. In the upper region, resistance lies at 174.20. The next price resistance is at 176.30. RSI (Relative Strength Index) is 36.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.57, which suggests the price will decrease in the coming days. Percent R is at 95.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
