Olin Corp’s recently made public that its VP & Controller Sumner R Nichole unloaded Company’s shares for reported $0.46 million on Nov 08 ’24. In the deal valued at $43.75 per share,10,500 shares were sold. As a result of this transaction, Sumner R Nichole now holds 24,056 shares worth roughly $0.99 million.
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
Then, R. Nicole Sumner bought 10,500 shares, generating $438,585 in total proceeds.
Before that, Sumner, R. Nichole bought 10,500 shares. Olin Corp shares valued at $449,085 were divested by the Officer at a price of $42.77 per share.
BMO Capital Markets initiated its Olin Corp [OLN] rating to a Market perform in a research note published on September 03, 2024; the price target was $50. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early August with a ‘”a Neutral”‘ rating. JP Morgan also remained covering OLN and has increased its forecast on July 29, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on July 29, 2024. It rated OLN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OLN
On Friday, Olin Corp [NYSE:OLN] saw its stock jump 0.63% to $41.27. Over the last five days, the stock has lost -3.10%. Olin Corp shares have fallen nearly -23.50% since the year began. Nevertheless, the stocks have fallen -16.51% over the past one year. While a 52-week high of $60.60 was reached on 04/04/24, a 52-week low of $39.47 was recorded on 09/11/24. SMA at 50 days reached $44.07, while 200 days put it at $48.63.
Levels Of Support And Resistance For OLN Stock
The 24-hour chart illustrates a support level at 40.93, which if violated will result in even more drops to 40.58. On the upside, there is a resistance level at 41.54. A further resistance level may holdings at 41.80. The Relative Strength Index (RSI) on the 14-day chart is 42.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.75%. Stochastics %K at 27.34% indicates the stock is a holding.
How much short interest is there in Olin Corp?
A steep rise in short interest was recorded in Olin Corp stocks on 2024-11-15, growing by 0.34 million shares to a total of 2.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.49 million shares. There was a rise of 12.08%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 07, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $52 price target.
