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Olin Corp. (OLN) – Don’t Believe the Hype: Check The Facts

Olin Corp. (NYSE: OLN) is 3.63% higher on its value in year-to-date trading and has touched a low of $41.71 and a high of $60.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OLN stock was last observed hovering at around $55.39 in the last trading session, with the day’s gains setting it 0.52%.

Currently trading at $55.91, the stock is 3.95% and 0.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 0.94% at the moment leaves the stock 7.24% off its SMA200. OLN registered 2.29% gain for a year compared to 6-month gain of 29.09%.

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The stock witnessed a -0.92% loss in the last 1 month and extending the period to 3 months gives it a 9.37%, and is 4.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 2.44% over the month.

Olin Corp. (OLN) has around 7326 employees, a market worth around $6.68B and $6.62B in sales. Current P/E ratio is 20.16 and Fwd P/E is 9.48. Profit margin for the company is 5.32%. Distance from 52-week low is 34.04% and -7.74% from its 52-week high. The company has generated returns on investments over the last 12 months (6.87%).

The EPS is expected to shrink by -8.21% this year

The shares outstanding are 120.20M, and float is at 118.88M with Short Float at 1.99%.

Olin Corp. (OLN) Insider Activity

The most recent transaction is an insider sale by Sutton Scott McDougald, the company’s President & CEO. SEC filings show that Sutton Scott McDougald sold 48,896 shares of the company’s common stock on Feb 27 ’24 at a price of $52.39 per share for a total of $2.56 million. Following the sale, the insider now owns 90327.0 shares.

Olin Corp. disclosed in a document filed with the SEC on Feb 27 ’24 that FLAUGHER BRETT A (VP & Pres, Winchester) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $52.20 per share for $0.52 million. Following the transaction, the insider now directly holds 77763.0 shares of the OLN stock.

Still, SEC filings show that on Feb 26 ’24, Sutton Scott McDougald (President & CEO) disposed off 16,924 shares at an average price of $52.56 for $0.89 million. The insider now directly holds 90,327 shares of Olin Corp. (OLN).

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