Today’s Market Runner: Could Olin Corporation See a Reversal After This Very Strong Session?

Today's Market Runner: Could Olin Corporation See a Reversal After This Very Strong Session?

The stock of Olin Corporation (NYSE:OLN) is a huge mover today! About 1.01M shares traded hands. Olin Corporation (NYSE:OLN) has risen 19.05% since April 28, 2016 and is uptrending. It has outperformed by 13.12% the S&P500.
The move comes after 7 months positive chart setup for the $4.51B company. It was reported on Dec, 1 by Barchart.com. We have $28.43 PT which if reached, will make NYSE:OLN worth $315.70M more.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on February, 7. They expect $0.23 EPS, up 2,200.00% or $0.22 from last year’s $0.01 per share. OLN’s profit will be $39.04M for 28.88 P/E if the $0.23 EPS becomes a reality. After $0.33 actual EPS reported by Olin Corporation for the previous quarter, Wall Street now forecasts -30.30% negative EPS growth.

Olin Corporation (NYSE:OLN) Ratings Coverage

Out of 6 analysts covering Olin Corporation (NYSE:OLN), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Olin Corporation has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Olin Corporation (NYSE:OLN) earned “Market Perform” rating by Cowen & Co on Monday, September 21. RBC Capital Markets maintained the shares of OLN in a report on Tuesday, September 8 with “Sector Perform” rating. The stock of Olin Corporation (NYSE:OLN) earned “Outperform” rating by RBC Capital Markets on Monday, June 13. The company was upgraded on Wednesday, September 2 by UBS. The firm has “Buy” rating given on Thursday, February 4 by Monness Crespi. The stock of Olin Corporation (NYSE:OLN) earned “Positive” rating by Susquehanna on Thursday, August 6. The firm has “Underperform” rating by Longbow given on Wednesday, September 7. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, February 4. The rating was upgraded by Cowen & Co on Tuesday, June 28 to “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, July 22.

According to Zacks Investment Research, “Olin Corporation is a manufacturer concentrated in chemicals, metals and ammunition. The chemicals segment is divided into divisions: Chlor-Alkali, Chemicals and Microelectronic Materials. Chlor-alkali includes chlor-alkali products, sodium hydrosulfite and high strength bleach products. Chemicals includes pool chemicals, biocides, hydrazine, polyols, propylene glycols and surfactants and fluids. Microelectronic Materials includes image-forming and electronic interconnect materials and services. The metals and ammunition segment produces copper alloy sheet, strip, rod, wire, and ammunition.”

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.11, from 1.02 in 2016Q1. The ratio is positive, as 41 funds sold all Olin Corporation shares owned while 83 reduced positions. 42 funds bought stakes while 84 increased positions. They now own 167.03 million shares or 9.36% more from 152.73 million shares in 2016Q1.
Teacher Retirement Of Texas holds 0% or 22,992 shares in its portfolio. Paradigm Capital Mngmt Ny holds 25,400 shares or 0.08% of its portfolio. Bank Of New York Mellon has 1.96M shares for 0.01% of their US portfolio. Heritage Corporation last reported 0.08% of its portfolio in the stock. Oregon Public Employees Retirement Fund has 55,041 shares for 0.03% of their US portfolio. Proxima Cap Mngmt Ltd Liability Corporation holds 8.12% of its portfolio in Olin Corporation (NYSE:OLN) for 835,000 shares. Blackrock Fund reported 12.74M shares or 0.07% of all its holdings. Amalgamated Bankshares has 18,930 shares for 0.02% of their US portfolio. Wealthtrust Axiom Ltd has 40,993 shares for 0.39% of their US portfolio. Wcm Investment Mngmt Ca, a California-based fund reported 264,701 shares. Citigroup Inc holds 0% of its portfolio in Olin Corporation (NYSE:OLN) for 40,527 shares. Blackrock accumulated 0.01% or 283,031 shares. Credit Agricole S A holds 0% of its portfolio in Olin Corporation (NYSE:OLN) for 8,016 shares. Raymond James & Assocs has 92,204 shares for 0.01% of their US portfolio. Ubs Asset Management Americas last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 23, 2016, the stock had 1 buy, and 1 sale for $234,757 net activity. Dawson Pat D had bought 20,000 shares worth $450,700 on Tuesday, November 8. MCINTOSH JOHN L sold $215,943 worth of stock.

OLN Company Profile

Olin Corporation, incorporated on August 13, 1892, is a maker and distributor of chemical products, and ammunition. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products, such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

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