Citi Comments On OC Sell-Off

Citi reports that, yesterday after the close, Asbestos Trust had sold 7 mm shares of Owens Corning OC to a group of three banks/broker-dealers. “It is possible that the sale of such a large amount of shares could lead to temporary technical pressure on OC's stock price,” Citi writes. “If this occurs, we would advisors to use the technical pressure as an opportunity to add exposure.” Owens Corning closed Monday at $37.65.