Norbord Inc (NYSE:OSB)
May 15th, 2019
Amidst rising markets Norbord Inc fell ($0.34) Wednesday which equals a 1.46% drop, closing at $22.99. As well as the drop in value, Norbord Inc hit a new 52 week low of $22.77, breaking the previous low of $23.19 from earlier this month.
OSB was outperformed by the rest of the Materials sector which went down just -0.24%.
Analysis results from 4 analysts points to the possibility that Norbord Inc could go up significantly (28.37%), while Finbox has calculated (with medium uncertainty) a fair value price of $21.18.
The market sectors were mixed Wednesday with a majority of the sectors trending up. Communication Services saw the biggest increase of the day (2.11%), while Financials saw the biggest drop (-0.48%). Information Technology has seen the biggest year-to-date gain at 19.93%.
Communication Services saw the biggest turnaround from its 5-day performance of -2.60%, as it went up 2.11%. Utilities saw a turn around from its 5-day performance of 0.47% trading down -0.13%.
- Communication Services went up with a 2.11% change.
- Information Technology went up with a 0.98% change.
- Consumer Staples went up with a 0.80% change.
- Consumer Discretionary went up with a 0.78% change.
- Real Estate went up with a 0.64% change.
- Energy went up with a 0.46% change.
- Healthcare went up with a 0.27% change.
- Industrials went up with a 0.12% change.
- Utilities went down with a -0.13% change.
- Materials went down with a -0.24% change.
- Financials went down with a -0.48% change.
Norbord Inc Info
Norbord Inc. manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures. It markets its products under the Durastrand pointSIX, Pinnacle, Stabledge, TruFlor pointSIX and TruFlor, SteadiTred, QuakeZone, Tallwall, Trubord and Windstorm, SolarBord, TruDeck, StableDec, SterlingOSB, Caberwood MDF, and Conti, and Caberboard brands. The company was formerly known as Nexfor Inc. and changed its name to Norbord Inc. in June 2004. Norbord Inc. was founded in 1987 and is headquartered in Toronto, Canada.
All amounts in USD unless otherwise indicated
Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.