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Highest Beta in the Metal & Glass Containers Industry Detected in Shares of Owens-Illinois (OI, CCK, BLL, GEF, MYE)

By David Diaz

Below are the three companies in the Metal & Glass Containers industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

Owens-Illinois ranks highest with a a beta of 1.3. Crown Holdings is next with a a beta of 1.1. Ball ranks third highest with a a beta of 1.0.

Greif follows with a a beta of 0.9, and Myers Industries rounds out the top five with a a beta of 0.9.

SmarTrend recommended that its subscribers protect gains by selling shares of Myers Industries on August 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $13.58. Since that call, shares of Myers Industries have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest beta owens-illinois crown holdings ball greif myers industries