Why Owens Corning Stock Rocked the Market This Week

Owens Corning (NYSE: OC), a storied company though rarely an investor darling, was a popular stock on the exchange in the holiday-shortened trading week. That was traceable to a media report that stated the company had received a buyout offer. According to data compiled by S&P Global Market Intelligence, Owens Corning's equity zoomed almost 11% higher over the four-day stretch.Owens Corning, a construction supplies company perhaps best known for its pink residential insulation products, was the target of an unsolicited bid from industry peer Carlisle. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool