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Owens-Illinois: Bank of America rating

O-I has received an upgraded review from the Bank of America, and its shares have now been rated Neutral by stock experts.

Bank of America has upgraded its view on Owens-Illinois, Inc. (O-I) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the counter had a rating of Underperform. Company shares have received an average consensus rating of Hold for last week.
The company has received recommendation from many analysts. The shares have been rated as hold from 11 Wall Street Analysts, while three analysts have suggested buy for the company. Underperform rating was given by one analyst.
O-I lost 0.04% during the past week and has dropped 5.19% in the last four weeks. The shares are, however, marginally negative as compared to the S&P 500 for the week with a loss of 0.1%. O-I has underperformed the index by 3.89% in the last four weeks. Investors should watch out for further signals and trade with caution.
The company witnessed a decline in the market cap on Friday as its shares dropped 1.42% or 0.35 points. After the session commenced at USD 24.61, the stock reached the higher end at USD 24.61 while it hit a low of USD 24.26. With the volume soaring to 1,325,269 shares, the last trade was called at USD 24.31. The company has a 52-week high of USD 35.18. The company has a market cap of USD 3,920 million and there are 161,251,000 shares in outstanding. The 52-week low of the share price is USD 22.65.
The company has disclosed insider buying and selling activities to the Securities Exchange, Jarrell Paul Arthur, Officer (Sr. VP & Chief Adm. Officer) of Owens Illinois Inc /De/, unloaded 195 shares at an average price of USD 24.23 on 8 June 2015. The total amount of the transaction was worth USD 4,725, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. The company shares have dropped 27.15% in the past 52 weeks. The shares registered one year high of USD 35.18 and one year low was seen on 29 January 2015 at USD 22.65. The 50-day moving average is USD 24.57 and the 200-day moving average is recorded at USD 24.75. S&P 500 has rallied 8.07% during the last 52 weeks.

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