OI

In the past six months, O-I Glass's stock declined significantly by 56.52% between September 2025 and September 2026, reaching a 52-week low of $5.30 by October 2026. This was driven by a 96% wipeout in European operating profit in the first half of 2026 due to competitive pricing, higher energy costs, and operational disruptions. The company reported an $873 million non-cash goodwill impairment charge in Q2 2026, leading to a $972 million net loss. S&P Global Ratings revised its outlook to negative, and RBC Capital Markets downgraded the stock due to weak demand, high energy costs, and slow debt reduction. Despite these challenges, the Americas segment showed resilience with a 22% operating profit growth, and the 'Fit to Win' cost-savings program delivered $65 million in Q2 2026. Insider buying at $8.51 and a 6.75% stock surge in October 2026 indicated some confidence and short covering.