Large Outflow of Money Witnessed in Owens-Illinois

Owens-Illinois (OI) : The total money flow in Owens-Illinois (OI) was negative ($7 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $12.3 million. Transactions on upticks were comparatively lower at $5.3 million. The uptick to downtick ratio was 0.43. The total block trades on downticks were valued at $7.89 million. The money flow during block trades was negative ($7.89 million) when the stock traded with a gain of $66 cent. Owens-Illinois (OI) was $18.57, an increase of 3.69% over the previous days close.

Owens-Illinois

Shares of Owens-Illinois, Inc. rose by 4.8% in the last five trading days and 2.54% for the last 4 weeks. Owens-Illinois, Inc. is up 7.16% in the last 3-month period. Year-to-Date the stock performance stands at 6.6%.

Owens-Illinois (OI) : Zacks Investment Research ranks Owens-Illinois (OI) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.43, which indicates as a Buy.

Owens-Illinois (NYSE:OI): The stock opened at $18.01 and touched an intraday high of $18.62 on Wednesday. During the day, the stock corrected to an intraday low of $17.94, however, the bulls stepped in and pushed the price higher to close in the green at $18.57 with a gain of 3.69% for the day. The total traded volume for the day was 2,185,623. The stock had closed at $17.91 in the previous trading session.

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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