Owens Corning shares close 1.34% up after volatile trading day

Shares of Owens Corning (NYSE:OC), gained 1.34% to close at $44.57 on Friday 7 August.

Heightened volatility led to price swings. Shares opened for trading at $43.91 and hit $44.58 on the upside, and ended the session at $44.57, a gain of 1.34% or 0.59 points. The heightened volatility saw the trading volume jump to 1,184,380 shares. The 52-week high of the share price is $46.69 and the company has a market cap of $5,240 million. The 52-week low of the share price is at $28.38.

Shares had dropped 0.62% during the week, however they have posted positive gains of 7.09% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.63% and the outperformance increased to 7.04% for the last 4 weeks.

The company has received recommendations from many analysts: 5 analysts have rated the company as a strong buy, 11 as hold, while 4 analysts have suggested buy and 1 analyst rated it as a strong sell. Underperform rating was given by 1 analyst.

The Company recently stated merged net sales of $1.41 billion in the second quarter of 2015, up from $1.36 billion in 2014.

Second-quarter 2015 adjusted earnings were $93 million, or $0.79 per diluted share, up from the adjusted earnings of $45 million, or $0.38 per diluted share, in the same period last year. Net earnings in the second quarter of 2015 were $91 million, or $0.77 per share, contrast to second-quarter 2014 net earnings of $21 million, or $0.18 per diluted share.

The Company has also disclosed recent insider buying and selling activities to the Securities Exchange. The officer (President, Insulation) of Owens Corning, Francis Julian had sold 1,425 shares worth of $62,330 in a transaction dated July 29, 2015. In this transaction, 1,425 shares were sold at $43.74 per share.

Sign up for free to the daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news