Is Owens Corning Set to Reach an All-Time High?

Owens Corning's shares have been closing in on their 52-week high of $107.64, with a market cap of $9 billion. The company's stock is performing well, currently up 24.3% YTD, up 14.5% over 12 months, and up 73.6% over five years. Although this week saw the DJIA rise by 0.5% and the S&P 500 rise by 1.2%, trading volume for the former was 12.5% lower than its 20-day average. Furthermore, the company's stock price, performance so far this year beats the peer average by 2528%. However, performance over the past year beats the peer average by only -241.8%. The company's price-to-earnings ratio is lower than the average peer by -5.9%. Although OC's share price is the same as the S&P 500 and the Dow Jones Industrial Average, it beats these indices on a 1-year and 5-year basis.

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