Owens Corning’s recent filing unveils that its Officer Sandri Marcio A acquired Company’s shares for reported $0.97 million on Feb 21 ’25. In the deal valued at $173.63 per share,5,563 shares were bought.
Then, Mendez-Andino Jose sold 1,821 shares, generating $326,360 in total proceeds. Upon selling the shares at $179.22, the EVP, Chief R&D Officer now owns 11,853 shares.
Before that, Mendez-Andino Jose bought 1,821 shares. Owens Corning shares valued at $326,360 were divested by the Officer at a price of $179.22 per share.
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 Friday, Owens Corning [NYSE:OC] saw its stock fall -1.55% to $162.89. Over the last five days, the stock has lost -9.19%. Owens Corning shares have fallen nearly -4.36% since the year began. Nevertheless, the stocks have risen 13.38% over the past one year. While a 52-week high of $214.53 was reached on 01/27/25, a 52-week low of $143.50 was recorded on 02/24/25. SMA at 50 days reached $178.84, while 200 days put it at $177.70.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 157.42, which if violated will result in even more drops to 151.96. On the upside, there is a resistance level at 167.83. A further resistance level may holdings at 172.78. The Relative Strength Index (RSI) on the 14-day chart is 27.69, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.54%. Stochastics %K at 12.14% indicates the stock is a buying.
