O-I Glass Sees Unusually Large Options Volume (NYSE:OI)

O-I Glass, Inc. (NYSE:OI) saw unusually large options trading activity on Wednesday. Stock investors purchased 2,354 call options on the company. This represents an increase of approximately 3,039% compared to the average daily volume of 75 call options.

Key Stories Impacting O-I Glass

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

• Positive Sentiment: Zacks Research raised near-term and full-year EPS forecasts (Q2, Q3 and FY2026) and maintains a “Strong-Buy” view, citing higher expected quarterly EPS and lifting FY2026 to $1.90. This improves forward earnings visibility and supports the rally.
• Positive Sentiment: O-I hit a 52-week high and is featured as a momentum pick in Zacks coverage — momentum and technical breakout headlines can attract trend-following money. O-I Glass, Inc. (OI) Hits Fresh High: Is There Still Room to Run?
• Positive Sentiment: Zacks included OI in a short list of stocks trading near 52-week highs with room to rise, reinforcing the narrative of continued upside from momentum investors. 4 Stocks Trading Near 52-Week High With Room to Rise Further
• Positive Sentiment: Truist raised its price target to $21, signaling stronger analyst conviction on upside potential and giving investors a higher reference valuation. Truist Financial Increases O-I Glass (NYSE:OI) Price Target to $21.00
• Positive Sentiment: Wells Fargo upgraded O-I Glass, adding another sell-side uplift that can drive buying from institutional accounts. Wells Fargo upgrades O-I Glass (OI)
• Positive Sentiment: Unusual options activity showed a large spike in call purchases (2,354 calls, ~3,039% above typical daily volume), indicating speculative or hedged bullish positioning by traders.

O-I Glass Stock Up 1.3%

OI opened at $15.36 on Friday. O-I Glass has a one year low of $9.23 and a one year high of $16.04. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.84 and a current ratio of 1.33. The stock has a market capitalization of $2.36 billion, a P/E ratio of -16.34, a price-to-earnings-growth ratio of 0.18 and a beta of 0.77. The business’s 50-day simple moving average is $13.97 and its 200-day simple moving average is $13.59.

O-I Glass (NYSE:OI) last released its quarterly earnings results on Wednesday, March 1st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter. O-I Glass had a positive return on equity of 16.02% and a negative net margin of 2.26%.The firm had revenue of $1.59 billion for the quarter. O-I Glass has set its FY 2025 guidance at 1.550-1.650 EPS. Analysts anticipate that O-I Glass will post 1.33 EPS for the current year.

Institutional Trading of O-I Glass

A number of large investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in O-I Glass during the 2nd quarter worth $29,000. Smartleaf Asset Management LLC boosted its stake in shares of O-I Glass by 64.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after buying an additional 918 shares during the period. State of Wyoming purchased a new position in shares of O-I Glass during the second quarter worth about $35,000. GAMMA Investing LLC increased its position in O-I Glass by 31.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,403 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 820 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in O-I Glass in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OI. Citigroup raised their price objective on shares of O-I Glass from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company upgraded O-I Glass from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $15.00 to $18.00 in a research note on Tuesday. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $17.00 in a report on Monday, November 17th. Truist Financial increased their price objective on O-I Glass from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Research raised O-I Glass from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, O-I Glass has an average rating of “Moderate Buy” and a consensus price target of $17.56.

About O-I Glass

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.