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O-I Glass shares drop 37% since July despite resilient segment and cost cuts, still seen as undervalued.

Company Fundamentals
14 Oct 2026
Seeking Alpha
View Source
Bearish
O-I Glass shares drop 37% since July despite resilient segment and cost cuts, still seen as undervalued.

O-I Glass shares have fallen 37.3% since July following poor Q2 2026 results, including declining revenue and a net loss of $972 million. Despite this, the Americas segment showed resilience and cost-cutting efforts like the Fit to Win program are yielding savings. Management lowered full-year and 2027 EBITDA guidance due to ongoing challenges and high leverage. However, the stock remains attractively valued compared to peers, suggesting the market has priced in further downside risks.

O-I Glass shares have faced significant declines recently, contrasting with the Basic Materials sector's mixed performance on Pluang. Of 83 US Basic Materials stocks priced on Pluang, 42 rose and 34 fell today. AngloGold Ashanti Limited (AU) led gains at USD 92.61 with 97% buy orders and a typical hold time of 49 days, while Icl Group Ltd (ICL) traded at USD 5.03 with 100% buy orders and a longer hold time of 56 days, as of Oct 14, 2026 17:11 WIB.

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