Owens Corning Stock Declines in the Past 3 Months: Things to Note
OCOwens ning(OC) ZACKS·2024-09-04 01:15

Owens Corning (OC) stock has lost 7.1% in the past three months against the Zacks Building Products - Miscellaneous industry’s 9.5% growth. Despite witnessing healthy North American building and construction end-market demand, the company’s volumes have declined of late.Apart from this, OC has been witnessing significant inflationary pressure and labor woes. Also, foreign currency translation remains a concern for this residential and commercial building products company. Owing to these headwinds, the compa ...