Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Owens Corning shares valued at $39,247 were sold by MORRIS W HOWARD on Mar 07 ’25. At $144.29 per share, MORRIS W HOWARD sold 272 shares. The insider’s holdings dropped to 41,722 shares worth approximately $5.75 million following the completion of this transaction.
Also, MORRIS W HOWARD purchased 272 shares, netting a total of over 39,247 in proceeds.
Before that, Ball Christopher O had sold 2,113 shares from its account. In a trade valued at $349,617, the President, Doors traded Owens Corning shares for $165.46 each. Upon closing the transaction, the insider’s holdings decreased to 2,113 shares, worth approximately $3.62 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 -5.34%. Over the course of the year, Owens Corning shares have dropped approximately -19.08%. Shares of the company reached a 52-week high of $192.96 on 01/27/25 and a 52-week low of $137.50 on 03/10/25. A 50-day SMA is recorded $170.09, while a 200-day SMA reached $175.78.
Support And Resistance Levels for Owens Corning (OC)
According to the 24-hour chart, there is a support level at 136.03, which, if violated, would cause prices to drop to 134.23. In the upper region, resistance lies at 141.17. The next price resistance is at 144.50. RSI (Relative Strength Index) is 25.20 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.15, which suggests the price will decrease in the coming days. Percent R is at 98.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
