Owens-Illinois (NYSE:OI) : During the past 4 weeks, traders have been relatively bearish on Owens-Illinois (NYSE:OI), hence the stock is down -11.67% 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 -3.59% relative to the S&P 500. The 4-week change in the price of the stock is -10.24% and the stock has fallen -2.35% in the past 1 week.
The company shares have dropped -21.51% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $24.05 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $18.59 and the 200 Day Moving Average price is recorded at $16.47.
The stock has recorded a 20-day Moving Average of 4.76% and the 50-Day Moving Average is 6.56%.
Owens-Illinois (NYSE:OI): stock turned positive on Friday. Though the stock opened at $17.18, the bulls momentum made the stock top out at $17.55 level for the day. The stock recorded a low of $17.12 and closed the trading day at $17.44, in the green by 2.95%. The total traded volume for the day was 2,113,296. The stock had closed at $16.94 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Owens Illinois Inc /De/, Hardie Gordon, had purchased 3,400 shares in a transaction dated on June 15, 2016. The transaction was executed at $18.65 per share with total amount equaling $63,410.
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.