Shares of Owens Corning Inc New (NYSE:OC) traded at a new 52-week high today of $97.90. So far today approximately 105,000 shares have been exchanged, as compared to an average 30-day volume of 931,000 shares.
Owens Corning Inc New has overhead space with shares priced $96.40, or 0.6% below the average consensus analyst price target of $97.00.
Owens Corning is a leading manufacturer of glass fiber utilized in composites and building materials. The Ohio-based company operates three reporting segments: composites, insulation, and roofing; each segment accounts for about one third of Owens Corning’s consolidated sales. The company’s end-market exposure breaks down as follows: 34% U.S. repair and remodel, 13% U.S. new residential construction, 19% U.S. commercial and industrial, and 34% international. Owens Corning emerged from asbestos-liability-related bankruptcy in 2006.
Owens Corning Inc New share prices have moved between a 52-week high of $97.90 and a 52-week low of $35.97 and are now trading 168% above that low price at $96.40 per share.
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