Option Activity Alert: OI, CAKE, XLK, HRB
June 15, 2011 at 12:47 PM EDT
Owens-Illinois, Inc. (OI) – The world’s largest maker of glass bottles reduced its second-quarter profit margin forecast citing higher costs and weaker demand in Australia. The market’s reaction to the Ohio-based company’s revised estimates was swift, with shares in Owens-Illinois sliding ahead of the opening bell this morning. Shares are currently down 10.3% at $26.50 [...]
