O-I Glass Inc. (OI) Rises 2.58% for December 30

Among the biggest risers on the S&P 500 on Wednesday December 30 was O-I Glass Inc. ($OI), popping some 2.58% to a price of $11.94 a share with some 812,048 shares trading hands.

Starting the day trading at $11.76, O-I Glass Inc. reached an intraday high of $12.26 and hit intraday lows of $11.70. Shares gained $0.3 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 157.17 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $4.31 to $15.65.

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.

O-I Glass Inc. has its corporate headquarters located in Perrysburg, OH and employs 27,500 people. Its market cap has now risen to $1.88 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 11.26, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of O-I Glass Inc., check out Stock Valuation Analysis tool for OI.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.