Workflow
What Makes O-I Glass (OI) a Strong Momentum Stock: Buy Now?
O-I GlassO-I Glass(US:OI) ZACKSยท2025-06-24 17:01

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with momentum by focusing on key metrics [2] Group 2: O-I Glass (OI) Analysis - O-I Glass currently has a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, O-I Glass shares increased by 3.39%, significantly outperforming the Zacks Glass Products industry, which rose by only 0.19% [6] - In the last quarter, O-I Glass shares rose by 25.46%, and over the past year, they increased by 29.87%, while the S&P 500 only moved 6.75% and 11.69% respectively [7] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for O-I Glass is 1,324,480 shares, indicating a bullish sign with rising stock prices [8] - In terms of earnings outlook, there have been 3 upward revisions in earnings estimates for the full year, raising the consensus estimate from $1.28 to $1.40 over the past 60 days [10]