Owens Illinois Inc /de/ (OI) Files Form 4 Insider Buying : Gordon Hardie Buys 3,400 Shares

Owens Illinois Inc /de/ (OI): Gordon Hardie , director of Owens Illinois Inc /de/ purchased 3,400 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $18.65 per share for a total value of $63,405.92 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, Albert P L Stroucken (Exec. Chairman of the Board) sold 56,148 shares at $14.94 per share price.On Mar 8, 2016, John Haudrich (Chief Strat. & Integ. Officer) sold 7,294 shares at $15.36 per share price.Also, On Mar 2, 2016, Timothy M. Connors (President, O-I Asia Pacific) purchased 1,500 shares at $15.17 per share price.On Feb 25, 2016, Hugh H Roberts (director) purchased 2,500 shares at $14.88 per share price.

Shares of Owens-Illinois Inc (OI) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.16% at $18.64 with 15,49,455 shares getting traded. Post opening the session at $18.7, the shares hit an intraday low of $18.47 and an intraday high of $18.97 and the price vacillated in this range throughout the day. The company has a market cap of $3,018 M and the number of outstanding shares has been calculated to be 16,19,18,800 shares. The 52-week high of Owens-Illinois Inc is $24.32 and the 52-week low is $11.58.

Owens-Illinois Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Owens-Illinois Inc is Initiated by Goldman to Sell. The Rating was issued on May 12, 2016.Owens-Illinois Inc is Upgraded by Citigroup to Buy and the brokerage firm has raised the Price Target to $ 19 from a previous price target of $15 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 6, 2016.

Owens-Illinois Inc. is the manufacturer of glass containers. The Company has approximately 75 glass manufacturing plants in over 21 countries. Its product lines include glass containers for the food and beverage industries. The Company operates in four segments: Europe North America South America and Asia Pacific. The Europe segment primarily produces glass containers for beer wine champagne spirits and food markets. The North America segment has glass container manufacturing plants in the United States and Canada. The South America segment primarily produces glass containers for beer non-alcoholic beverages spirits flavored malt beverages wine food and pharmaceuticals markets. The Asia Pacific segment primarily produces glass containers for the beer wine food and non-alcoholic beverage markets. The Company also produces glass packaging for a variety of food items soft drinks teas juices and pharmaceuticals.

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