O-I Glass Inc. (OI) Dips 4.76% for December 11

O-I Glass Inc. is a O-I Glass is the world's largest manufacturer of glass bottles--70% of its revenue comes from outside the United States.

Last Price

$ 11.60

Last Trade

Dec/11 - 16:00

Change

$ -0.58

Change Percent

-4.76 %

Open

$ 11.98

Prev Close

$ 12.18

High

$ 12.00

low

$ 11.57

52 Week High

$ 15.65

52 Week Low

$ 4.31

Market Cap

1,823,122,016

PE Ratio

10.94

Volume

1,404,485

Exchange

NYE

OI - Market Data & News

 Trade

Among the S&P 500’s biggest fallers on Friday December 11 was O-I Glass Inc. (OI). The stock experienced a 4.76% decline to $11.60 with 1.4 million shares changing hands.

O-I Glass Inc. started at an opening price of 11.98 and hit a high of $12.00 and a low of $11.57. Ultimately, the stock took a hit and finished the day at $0.58 per share. O-I Glass Inc. trades an average of n/a shares a day out of a total 157.17 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. O-I Glass Inc. hit a high of $15.65 and a low of $4.31 over the last year.

O-I Glass is the world's largest manufacturer of glass bottles--70% of its revenue comes from outside the United States. O-I has a market- leading position in key markets like Europe, North America, and Brazil, among others. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. In the coming years, O-I is looking to maintain or expand its dominant positions in Europe, Australia/New Zealand, North America, and South America.

With its headquarters located in Perrysburg, OH, O-I Glass Inc. employs 27,500 people. After today’s trading, the company’s market cap has fallen to $1.82 billion, a P/S of n/a, a P/B of 10.94, and a P/FCF of n/a.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.