O I Glass Inc (NYSE: OI) stock enjoyed a major increase of 15.0% on 7/31/24. The shares closed at $13.36. Moreover, exceptionally high trading volume at 354% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 17.1% 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 (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 very high Appreciation Score of 89 but a very low Power Rating of 7, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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