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Owens Corning (OC) Stock: What Does the Chart Say Thursday?

Thursday, April 15, 2021 01:50 PM | InvestorsObserver Analysts

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Owens Corning (OC) Stock: What Does the Chart Say Thursday?

Owens Corning (OC) stock is up 0.82% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Owens Corning has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OC!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With OC Stock Today?

Owens Corning (OC) stock is lower by -0.34% while the S&P 500 has gained 1.04% as of 1:36 PM on Thursday, Apr 15. OC is down -$0.33 from the previous closing price of $95.78 on volume of 465,802 shares. Over the past year the S&P 500 is up 46.44% while OC has gained 131.06%. OC lost -$3.53 per share in the over the last 12 months.

To see InvestorsObserver's Sentiment Score for Owens Corning click here.

More About Owens Corning

Owens Corning is a leading manufacturer of glass fiber utilized in composites and building materials. The Ohio-based company operates three reporting segments: composites, insulation, and roofing; each segment accounts for about one third of Owens Corning's consolidated sales. The company's end-market exposure breaks down as follows: 34% U.S. repair and remodel, 13% U.S. new residential construction, 19% U.S. commercial and industrial, and 34% international. Owens Corning emerged from asbestos-liability-related bankruptcy in 2006.

Click Here to get the full Stock Score Report on Owens Corning (OC) Stock.

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