Company Overview - O-I Glass currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - O-I Glass shares have increased by 1.47% over the past week, while the Zacks Glass Products industry has decreased by 0.9% during the same period [5] - Over the last month, O-I Glass has seen a price change of 12.01%, outperforming the industry's 5.32% [5] - In the last quarter, shares of O-I Glass have risen by 36.49%, and over the past year, they have gained 48.5%, compared to the S&P 500's increases of 3.32% and 17.49%, respectively [6] Trading Volume - The average 20-day trading volume for O-I Glass is 2,263,029 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for O-I Glass has increased, while none have decreased, raising the consensus estimate from $1.57 to $1.60 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong performance metrics and positive earnings outlook, O-I Glass is positioned as a promising investment opportunity with a Momentum Score of B [11]
Are You Looking for a Top Momentum Pick? Why O-I Glass (OI) is a Great Choice