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Owens-Illinois shares ‘hold’ rating for current week

Owens-Illinois, Inc. (NYSE:OI) has lost 3.54% during the past week and dropped 9.09% in the last 4 weeks.

The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.53%. Owens-Illinois, Inc. has underperformed the index by 8.33% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Company shares have received an average consensus rating of Hold for the current week Owens-Illinois, Inc. has dropped 9.5% during the last 3-month period. Year-to-Date the stock performance stands at -18.12%. The company shares have dropped 35.76% in the past 52 Weeks. On July 15, 2014 the shares registered one year high of $34.7 and one year low was seen on July 8, 2015 at $21.75. The 50-day moving average is $23.74 and the 200-day moving average is recorded at $24.43. S&P 500 has rallied 5.03% during the last 52-weeks.

Friday saw heightened volatility in Owens-Illinois, Inc., which led to swings in the share price. The shares opened for trading at $22.25 and hit $22.34 on the upside, eventually ending the session at $22.1, with a gain of 0.23% or 0.05 points. This volatility saw the trading volume jump to 954,935 shares. The 52-week high of the share price is $34.7 and the company has a market cap of $3,564 million. The 52-week low of the share price is at $21.75.

The Company has also disclosed insider buying and selling activities to the Securities Exchange, The Officer (President of O-I North America), of Owens Illinois Inc, Galindo Sergio B.O. unloaded 5,236 shares at $24.09 per share in a transaction on June 15, 2015. The total value of transaction was $126,135. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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