OI
O-I Glass, Inc. Consumer Cyclical - Packaging & Containers Investor Relations →
O-I Glass, Inc. (OI) closed at $16.63 as of 2026-02-02, trading 9.8% above its 200-week moving average of $15.14. The stock moved further from the line this week, up from 1.0% last week. With a 14-week RSI of 84, OI is in overbought territory.
Over the past 1734 weeks of data, OI has crossed below its 200-week moving average 35 times. On average, these episodes lasted 27 weeks. Historically, investors who bought OI at the start of these episodes saw an average one-year return of +3.9%.
With a market cap of $2.6 billion, OI is a mid-cap stock. The company generates a free cash flow yield of 10.1%, which is notably high. Return on equity stands at -8.3%. The stock trades at 1.9x book value.
Over the past 33.2 years, a hypothetical investment of $100 in OI would have grown to $148, compared to $2849 for the S&P 500. OI has returned 1.2% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: OI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OI Crosses Below the Line?
Across 35 historical episodes, buying OI when it crossed below its 200-week moving average produced an average return of +2.9% after 12 months (median +0.0%), compared to +9.7% for the S&P 500 over the same periods. 47% of those episodes were profitable after one year. After 24 months, the average return was +7.1% vs +26.2% for the index.
Each line shows $100 invested at the moment OI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OI has crossed below its 200-week MA 35 times with an average 1-year return of +3.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 1992 | Jan 1993 | 9 | 25.2% | +25.4% | +102.6% |
| Apr 1993 | May 1993 | 1 | 2.1% | +11.5% | +56.0% |
| Jun 1993 | Jun 1993 | 1 | 3.3% | +17.4% | +57.8% |
| Jul 1993 | Nov 1993 | 18 | 13.1% | -4.5% | +52.5% |
| Apr 1994 | Apr 1994 | 1 | 5.5% | +6.0% | +61.6% |
| Jun 1994 | Jul 1994 | 2 | 1.9% | +20.5% | +54.3% |
| Jul 1994 | Aug 1994 | 3 | 5.2% | +27.6% | +56.0% |
| Oct 1994 | Apr 1995 | 25 | 7.3% | +13.5% | +52.5% |
| Feb 1999 | Apr 1999 | 8 | 6.5% | -39.0% | -31.3% |
| Jul 1999 | Apr 2002 | 142 | 89.1% | -45.6% | -33.5% |
| Apr 2002 | May 2002 | 3 | 20.2% | -37.1% | +20.8% |
| Jun 2002 | Nov 2002 | 24 | 27.5% | -27.7% | +5.7% |
| Jan 2003 | Jun 2003 | 21 | 40.7% | -16.9% | +20.7% |
| Jul 2003 | Sep 2003 | 9 | 10.7% | +32.0% | +42.1% |
| Oct 2003 | Oct 2003 | 1 | 0.4% | +42.1% | +50.8% |
| Jun 2006 | Nov 2006 | 22 | 21.5% | +107.7% | +5.9% |
| Sep 2008 | Jun 2009 | 37 | 65.4% | +28.5% | -41.6% |
| Jun 2009 | Jul 2009 | 4 | 9.6% | +7.5% | -39.7% |
| Jan 2010 | Mar 2010 | 7 | 14.0% | +7.8% | -42.5% |
| May 2010 | Mar 2013 | 148 | 52.9% | +4.4% | -44.3% |
| Apr 2013 | Apr 2013 | 4 | 6.0% | +36.5% | -31.4% |
| Sep 2014 | Dec 2014 | 11 | 7.5% | -18.3% | -35.2% |
| Jan 2015 | Feb 2015 | 5 | 10.0% | -39.7% | -31.8% |
| Mar 2015 | Jun 2017 | 121 | 49.7% | -36.9% | -29.3% |
| Aug 2017 | Aug 2017 | 1 | 1.1% | -24.5% | -27.6% |
| Dec 2017 | Mar 2018 | 12 | 6.3% | -23.8% | -23.8% |
| Mar 2018 | Feb 2019 | 48 | 21.1% | -9.3% | -20.0% |
| Mar 2019 | Apr 2021 | 112 | 68.5% | -51.6% | -13.6% |
| Jul 2021 | Aug 2021 | 6 | 5.8% | -16.5% | +10.5% |
| Sep 2021 | May 2022 | 36 | 22.1% | +1.1% | +17.0% |
| Jul 2022 | Jul 2022 | 2 | 6.9% | +58.8% | +23.3% |
| Aug 2022 | Aug 2022 | 1 | 0.3% | +46.2% | +24.3% |
| Aug 2022 | Oct 2022 | 5 | 6.8% | +55.0% | +27.1% |
| Apr 2024 | Jun 2025 | 62 | 35.2% | -24.8% | +14.1% |
| Jul 2025 | Dec 2025 | 24 | 24.9% | N/A | +16.1% |
| Average | 27 | — | +3.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02