Owens Corning Inc (NYSE:OC) : Traders are bullish on Owens Corning Inc (NYSE:OC) as it has outperformed the S&P 500 by a wide margin of 7.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.72%, 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 2.01% in the last 1 week, and is up 8.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 27.79% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $54.46 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $50.93 and the 200 Day Moving Average price is recorded at $47.40.
The stock has recorded a 20-day Moving Average of 6.14% and the 50-Day Moving Average is 7.55%.
Owens Corning Inc (NYSE:OC): On Fridays trading session , Opening price of the stock was $54.34 with an intraday high of $54.46. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.1. However, the stock managed to close at $53.76, a loss of 0.32% for the day. On the previous day, the stock had closed at $53.93. The total traded volume of the day was 1,263,937 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged that Schmidt Kelly, officer (Vice President, Controller) of Owens Corning, had unloaded 2,000 shares at an average price of $50 in a transaction dated on April 11, 2016. The total value of the transaction was worth $100,000.
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.