Owens Corning Inc (OC) : During the past 4 weeks, traders have been relatively bearish on Owens Corning Inc (OC), hence the stock is down -3.32% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.05% relative to the S&P 500. The stock has risen by 0.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.84% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.6% and the 50-Day Moving Average is 0.47%.The 200 Day SMA reached 8.84%
Owens Corning Inc (NYSE:OC): After opening at $53.25, the stock dipped to an intraday low of $52.84 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.69 and the buying power remained strong till the end. The stock closed at $53.39 for the day, a gain of 0.77% for the day session. The total traded volume was 855,912. The stocks close on the previous trading day was $53.39.
Owens Corning Inc (OC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $63 and the lowest price target forecast is $42. The average forecast of all the analysts is $56.78 and the expected standard deviation is $6.89.
Owens Corning is a holding company. The Company is engaged in composite and building materials systems. The Companys 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 Companys 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 Companys subsidiaries are Owens Corning Sales, LLC and Owens Corning Receivables LLC.