O I Glass Inc (NYSE: OI) stock suffered a major decline of -15.9% on 5/1/24. The shares closed at $12.58. Moreover, trading volume in this decline was exceptionally high at 568% of normal. The stock has been weak relative to the market over the last nine months and has declined -15.3% during the last week.
Current PriceTarget Research Rating
OI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
O I Glass has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. O I Glass has a good Appreciation Score of 85 but a very low Power Rating of 6, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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