In a filing, Owens Corning revealed its President, Doors Ball Christopher O unloaded Company’s shares for reported $0.35 million on Feb 21 ’25. In the deal valued at $165.46 per share,2,113 shares were sold. As a result of this transaction, Ball Christopher O now holds 26,263 shares worth roughly $3.9 million.
Then, Sandri Marcio A bought 5,563 shares, generating $965,904 in total proceeds.
Before that, Mendez-Andino Jose sold 1,821 shares. Owens Corning shares valued at $326,360 were divested by the EVP, Chief R&D Officer at a price of $179.22 per share. As a result of the transaction, Mendez-Andino Jose now holds 11,853 shares, worth roughly $1.76 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 Monday, Owens Corning [NYSE:OC] saw its stock fall -3.60% to $148.50. Over the last five days, the stock has lost -8.83%. Owens Corning shares have fallen nearly -12.81% since the year began. Nevertheless, the stocks have fallen -0.93% over the past one year. While a 52-week high of $214.53 was reached on 01/27/25, a 52-week low of $148.78 was recorded on 03/03/25. SMA at 50 days reached $174.87, while 200 days put it at $177.15.
Levels Of Support And Resistance For OC Stock
The 24-hour chart illustrates a support level at 145.55, which if violated will result in even more drops to 142.60. On the upside, there is a resistance level at 153.68. A further resistance level may holdings at 158.86. The Relative Strength Index (RSI) on the 14-day chart is 21.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.81%. Stochastics %K at 4.08% indicates the stock is a buying.
