O-I Glass (NYSE:OI) Shares Up 6.5% – Here’s Why

O-I Glass, Inc. (NYSE:OI) shares traded up 6.5% during mid-day trading on Wednesday . The company traded as high as $8.83 and last traded at $8.9960. 360,392 shares were traded during trading, a decline of 86% from the average session volume of 2,506,183 shares. The stock had previously closed at $8.45.

Key Headlines Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks Research upgraded O-I Glass from “strong sell” to “hold,” while also lifting multiple earnings forecasts, including FY2026 and FY2027. Zacks.com
• Positive Sentiment: Truist Financial reaffirmed a “buy” rating on O-I Glass and kept a price target well above the recent share price, signaling continued upside potential. Benzinga
• Positive Sentiment: Unusual options activity showed a surge in call buying, often interpreted as traders positioning for additional upside.
• Neutral Sentiment: Zacks made only modest near-term EPS changes for some quarters, including small cuts to Q2 2026, Q3 2026, Q1 2028, and Q2 2028 estimates, offset by increases in other periods.
• Negative Sentiment: Bank of America reportedly reaffirmed an “underperform” view, and a recent downgrade cited weak demand and fewer catalysts, which could limit enthusiasm for the stock. MSN article

Analyst Ratings Changes

Several brokerages have weighed in on OI. UBS Group dropped their target price on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Bank of America reiterated an “underperform” rating and set a $11.00 price target on shares of O-I Glass in a report on Tuesday. Wells Fargo & Company lowered their price target on O-I Glass from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank Of Canada dropped their price objective on O-I Glass from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Truist Financial cut their price objective on shares of O-I Glass from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, O-I Glass has an average rating of “Hold” and a consensus target price of $13.57.

O-I Glass Price Performance

The stock has a 50 day moving average of $9.03 and a two-hundred day moving average of $11.53. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26. The firm has a market capitalization of $1.47 billion, a P/E ratio of -7.86, a P/E/G ratio of 1.13 and a beta of 0.62.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Sell-side analysts predict that O-I Glass, Inc. will post 1.14 earnings per share for the current fiscal year.

Insider Transactions at O-I Glass

In other news, SVP Randolph L. Burns acquired 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $9.32 per share, with a total value of $102,520.00. Following the acquisition, the senior vice president owned 133,932 shares in the company, valued at approximately $1,248,246.24. This represents a 8.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Darrow A. Abrahams bought 2,774 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $9.04 per share, for a total transaction of $25,076.96. Following the completion of the purchase, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. The trade was a 1.19% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 17,083 shares of company stock worth $157,312. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On O-I Glass

A number of institutional investors have recently made changes to their positions in OI. Assenagon Asset Management S.A. lifted its position in shares of O-I Glass by 596.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 134,542 shares of the industrial products company’s stock worth $1,296,000 after purchasing an additional 115,211 shares during the last quarter. Moody National Bank Trust Division grew its holdings in O-I Glass by 40.0% in the 2nd quarter. Moody National Bank Trust Division now owns 148,686 shares of the industrial products company’s stock valued at $1,432,000 after buying an additional 42,493 shares during the last quarter. Empowered Funds LLC increased its position in O-I Glass by 3.9% in the 1st quarter. Empowered Funds LLC now owns 726,791 shares of the industrial products company’s stock worth $7,639,000 after buying an additional 27,468 shares during the period. Optiver Holding B.V. increased its position in O-I Glass by 491.5% in the 1st quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company’s stock worth $26,000 after buying an additional 2,074 shares during the period. Finally, Converium Capital Inc. acquired a new position in shares of O-I Glass during the first quarter worth approximately $2,365,000. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.