Darrow A. Abrahams, SVP, GC & Corporate Secretary at O-I Glass, Inc. /DE/ (OI), bought 2,774 shares at $9.04 ($25K) on 2026-05-11, disclosed to the SEC on 2026-05-12.
SVP Darrow A. Abrahams purchased 2,774 shares for $25,072, marking the largest purchase of his career and a reversal after six consecutive sales. This high-level buy amidst a steep 43.61% decline in the last 90 days suggests confidence in the valuation reset.
OI is down 43.61% over the last 90 days and trades 48.05% below its 52-week high of $16.91, currently at $8.785.
Q2 2026 earnings on July 30, 2026, which saw an earnings miss of -59.09% and a goodwill impairment of $873 million; the company's reduced 2026 outlook and recalibrated 2027 targets announced on July 30, 2026.
The stock faces significant risk from a 10.79% short interest percentage and a recent goodwill impairment of $873 million that triggered a Q2 net loss of $972 million.
Clearly above the average filing.