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 $349,617 were sold by Ball Christopher O on Feb 21 ’25. At $165.46 per share, Ball Christopher O sold 2,113 shares. The insider’s holdings dropped to 26,263 shares worth approximately $3.99 million following the completion of this transaction.
Also, Sandri Marcio A purchased 5,563 shares, netting a total of over 965,904 in proceeds.
Before that, Mendez-Andino Jose had sold 1,821 shares from its account. In a trade valued at $326,360, the EVP, Chief R&D Officer traded Owens Corning shares for $179.22 each. Upon closing the transaction, the insider’s holdings decreased to 1,821 shares, worth approximately $1.8 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 -11.64%. Over the course of the year, Owens Corning shares have dropped approximately -10.72%. Shares of the company reached a 52-week high of $192.96 on 01/27/25 and a 52-week low of $151.65 on 02/27/25. A 50-day SMA is recorded $176.35, while a 200-day SMA reached $177.39. Nevertheless, trading volume fell to 1.25 million shares from 1.76 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 150.68, which, if violated, would cause prices to drop to 149.29. In the upper region, resistance lies at 154.42. The next price resistance is at 156.77. RSI (Relative Strength Index) is 20.57 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.64, which suggests the price will decrease in the coming days. Percent R is at 98.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
