Why Is O-I Glass (OI) Down 3.7% Since Last Earnings Report?

It has been about a month since the last earnings report for O-I Glass (OI) . Shares have lost about 3.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is O-I Glass due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. O-I Glass Tops Q2 Earnings Estimates, Lowers '24 ...