Stock Price of Owens Corning Inc (OC) Increases 3.98%

Owens Corning Incs in-depth stock price analysis indicates that the stock price has rallied 6.72% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 5.97% . Looking at the past 52 week period, the stock price is up at 41.14% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Owens Corning Inc has a positive value of 9.05 compared to overall market. Owens Corning Inc (NYSE:OC) has climbed 3.98% in the past week and advanced 6.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.14% and the outperformance has advanced to 4.26% for the last 4 weeks period.

Owens Corning Inc (NYSE:OC) : On Friday heightened volatility was witnessed in Owens Corning Inc (NYSE:OC) which led to swings in the share price. The stock opened for trading at $56.85 and hit $57.57 on the upside , eventually ending the session at $57.19, with a gain of 0.79% or 0.45 points. The heightened volatility saw the trading volume jump to 1,439,723 shares. The 52-week high of the share price is $58.69 and the company has a market cap of $6,428 million. The 52-week low of the share price is at $38.96 .

Owens Corning Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $0.60. The company had revenue of $1383.00 million for the quarter, compared to analysts expectations of $1307.24 million. The companys revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Owens Corning was Initiated by Barclays on Jan 6, 2017 to Equal Weight, Price Target of the shares are set at $54.Owens Corning was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 5, 2017. Owens Corning was Initiated by Macquarie to Underperform on Dec 16, 2016. Owens Corning was Initiated by Seaport Global Securities on Dec 7, 2016 to Buy, Price Target of the shares are set at $61.

Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Michael H Thaman (Chairman, President and CEO) sold 226,400 shares at 55.44 per share price.On Sep 1, 2016, Arnaud Genis (Group Pres Composite Materials) sold 66,619 shares at 54.68 per share price.On Aug 24, 2016, Kelly Schmidt (Vice President, Controller) sold 13,200 shares at 54.41 per share price.

Owens Corning is a world leader in building materials systems and composite solutions. Owens Corning people redefine what is possible each day to deliver high-quality products and services ranging from insulation, roofing, siding and stone, to glass composite materials used in transportation, electronics, telecommunications and other high-performance applications. Owens Corning has become a market-leading innovator of glass-fiber technology with sales.


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