Owens-Illinois, Inc. (OI) saw a big move last session, as the company’s shares fell nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for OI, as the stock is now down nearly 10% since Sep 11.
This slump shouldn’t be too much of a surprise to investors, as the glass products manufacturer has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
OI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks from the broader industrial products sector include Sealed Air Corporation (SEE), Kaiser Aluminum Corporation (KALU) and Ball Corporation (BLL). While Sealed Air sports a Zacks Rank #1 (Strong Buy), Kaiser Aluminum and Ball Corporation hold a Zacks Rank #2 (Buy).
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OWENS ILLINOIS INC (OI): Free Stock Analysis Report
SEALED AIR CORP (SEE): Free Stock Analysis Report
KAISER ALUMINUM CORP (KALU): Free Stock Analysis Report
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