Shares of Owens-Illinois (OI) Rally 3.61%

Owens-Illinois (OI) has been under a strong bear grip, hence the stock is down -8.35% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.09% in the past 1 week. The stock has risen by 3.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.34% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 2.74%.

Owens-Illinois (NYSE:OI): The stock opened at $18.20 on Friday but the bulls could not build on the opening and the stock topped out at $18.39 for the day. The stock traded down to $17.97 during the day, due to lack of any buying support eventually closed down at $18.07 with a loss of -0.11% for the day. The stock had closed at $18.09 on the previous day. The total traded volume was 1,393,623 shares.


The company Insiders own 1.4% of Owens-Illinois shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 36.56% . Institutional Investors own 94.85% of Owens-Illinois shares. During last six month period, the net percent change held by insiders has seen a change of 10.48%. In a related news, Hardie Gordon, director of Owens Illinois Inc /De/, executed a transaction worth $63,410 on June 15, 2016. A total of 3,400 shares were purchased at an average price of $18.65. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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