Owens-Illinois (OI) Shares are Up 1.55%

Owens-Illinois (OI) : Traders are bullish on Owens-Illinois (OI) as it has outperformed the S&P 500 by a wide margin of 2.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.55% in the last 1 week, and is up 1.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.14% and the 50-Day Moving Average is 0.74%.The 200 Day SMA reached 8.23%


Owens-Illinois (NYSE:OI): After opening at $18.37, the stock dipped to an intraday low of $18.16 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.65 and the buying power remained strong till the end. The stock closed at $18.39 for the day, a gain of 0.71% for the day session. The total traded volume was 1,832,181. The stocks close on the previous trading day was $18.39.

Owens-Illinois (OI) : Average target price received by Owens-Illinois (OI) is $20.67 with an expected standard deviation of $1.75. The most aggressive target on the stock is $23, whereas the most downbeat target is $18. 6 financial analysts are currently covering the stock.

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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