Owens Corning: shares rally 5.4%

Shares of Owens Corning saw a 5.4% increase the last week of May, and 6.89% for the month. The company shares have rallied 1.97% from its 1 Year high price.

Shares of Owens Corning rose by 5.4% in the past week and 6.89% for the last 4 weeks. In the past week, the counter has outperformed the S&P 500 by 6.33% and the outperformance increases to 6.93% for the last four weeks.
The company shares have rallied 1.97% from its 1 Year high price. On 22 April 2015, the shares registered one year high at USD 45.70 and the one-year low was seen on 15 October 2014. The 50-Day Moving Average price is USD 40.81 and the 200 Day Moving Average price is recorded at USD 38.85. In a SEC Form 4 Filing, company has also disclosed other Insider Transactions, The officer (Sr. VP Org. & Adm.) of Owens Corning, Smith Daniel T sold 4,861 shares at USD 40 on 13 March 2015. The Insider selling transaction had a total value worth of USD 194,440. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Owens Corning witnessed a decline in the market cap on Friday as its shares dropped 0.75% or 0.32 points. After the session commenced at USD 42.6, the stock reached the higher end at USD 42.97 while it hit a low of USD 42.04. With the volume soaring to 1,642,958 shares, the last trade was called at USD 42.36. The company has a 52-week high of USD 45.7. The company has a market cap of USD 4,998 million and there are 117,996,000 shares in outstanding. The 52-week low of the share price is USD 28.38.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services. The company’s 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 in two segments, which include Composites and Building Materials. The Composites segment includes the company’s reinforcements and downstream businesses. The Building Materials segment includes the company’s insulation and roofing businesses.

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