The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Olin Corp shares valued at $459,412 were sold by Sumner R Nichole on Nov 08 ’24. At $43.75 per share, Sumner R Nichole sold 10,500 shares. The insider’s holdings dropped to 24,056 shares worth approximately $1.01 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, R. Nicole Sumner purchased 10,500 shares, netting a total of over 438,585 in proceeds.
Before that, Sumner, R. Nichole had added 10,500 shares to its account. In a trade valued at $449,085, the Officer bought Olin Corp shares for $42.77 each.
As published in their initiating research note from BMO Capital Markets on September 03, 2024, Olin Corp [OLN] has been a Market perform and the price target has been revised to $50. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in early August. As of July 29, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for OLN. Earlier on July 29, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for OLN stock which previously was a “a Buy”.
Analyzing OLN Stock Performance
During the last five days, there has been a surge of approximately 0.48%. Over the course of the year, Olin Corp shares have dropped approximately -22.11%. Shares of the company reached a 52-week high of $60.60 on 04/04/24 and a 52-week low of $39.47 on 09/11/24. A 50-day SMA is recorded $44.52, while a 200-day SMA reached $49.09. Nevertheless, trading volume fell to 1.13 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Olin Corp (OLN)
According to the 24-hour chart, there is a support level at 41.14, which, if violated, would cause prices to drop to 40.27. In the upper region, resistance lies at 42.49. The next price resistance is at 42.97. RSI (Relative Strength Index) is 44.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.13, which suggests the price will decrease in the coming days. Percent R is at 62.56%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
