Shares of Owens-Illinois Rank the Highest in Terms of Beta in the Metal & Glass Containers Industry (OI, CCK, BLL, GEF, MYE)
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. Following is Crown Holdings 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 11.6%. 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