Owens Corning (OC) Files Form 4 Insider Selling : Kelly Schmidt Sells 2,000 Shares

Owens Corning (OC): Kelly Schmidt , Vice President, Controller of Owens Corning sold 2,000 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $50.00 per share for a total value of $100,000.00 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Owens Corning is Upgraded by Longbow to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jan 21, 2016.

Currently the company Insiders own 2% of Owens Corning shares according to the proxy statements.Institutional Investors own 97.89% of Owens Corning shares.During last six month period, the net percent change held by insiders has seen a change of -13.04%.

Owens Corning: On Monday, Apr 11, 2016 heightened volatility was witnessed in Owens Corning which led to swings in the share price. The shares opened for trading at $49.48 and hit $50.145 on the upside , eventually ending the session at $49.3, with a gain of 1.00% or 0.49 points. The heightened volatility saw the trading volume jump to 13,03,100 shares. The 52-week high of the share price is $50.145 and the company has a market cap of $5,696 M . The 52-week low of the share price is at $37.29.

Owens Corning Money Flow Index Chart

Owens Corning is a holding company. The Company is engaged in composite and building materials systems. The Company’s products range from glass fiber used to reinforce composite materials for transportation electronics marine infrastructure wind energy and other markets to insulation and roofing for residential commercial and industrial applications. The Company operates under three segments: Composites Insulation and Roofing. The Composites segment is comprised of the Company’s Reinforcements and Downstream businesses. Insulation segment includes products such as thermal and acoustical batts loosefill insulation foam sheathing and accessories. The Roofing segment includes products such as laminate and strip asphalt roofing shingles. The Company’s subsidiaries are Owens Corning Sales LLC and Owens Corning Receivables LLC.

Leave a Reply

Owens Corning - Is it time to Sell?

Top Brokerage Firms are advising their investors on Owens Corning. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.