Owens Corning Inc (OC) has risen sharply, recording gains of 0.4% in the past 4 weeks. However, the stock has corrected -3.11% in the past 1 week, providing a good buying opportunity on dips. Owens Corning Inc (OC) : During the past 4 weeks, traders have been relatively bearish on Owens Corning Inc (OC), hence the stock is down -2.86% 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 -3.05% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 1.84% and the 50-Day Moving Average is 2.29%. Owens Corning is up 15.23% in the last 3-month period. Year-to-Date the stock performance stands at 13.33%.
Owens Corning Inc (NYSE:OC): On Fridays trading session , Opening price of the stock was $53.95 with an intraday high of $54.01. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.805. However, the stock managed to close at $52.91, a loss of 2.22% for the day. On the previous day, the stock had closed at $54.11. The total traded volume of the day was 1,527,214 shares.
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.