Olin Corp’s recent filing unveils 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 $0.78 million.
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 fall -3.46% to $32.36. Over the last five days, the stock has lost -3.35%. Olin Corp shares have fallen nearly -4.26% since the year began. Nevertheless, the stocks have fallen -38.86% over the past one year. While a 52-week high of $60.60 was reached on 01/02/25, a 52-week low of $32.90 was recorded on 01/03/25. SMA at 50 days reached $39.75, while 200 days put it at $46.80.
Levels Of Support And Resistance For OLN Stock
The 24-hour chart illustrates a support level at 31.87, which if violated will result in even more drops to 31.37. On the upside, there is a resistance level at 33.24. A further resistance level may holdings at 34.12. The Relative Strength Index (RSI) on the 14-day chart is 25.81, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.14%. Stochastics %K at 8.52% indicates the stock is a buying.
How much short interest is there in Olin Corp?
A steep rise in short interest was recorded in Olin Corp stocks on 2024-12-13, growing by 18260.0 shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.83 million shares. There was a rise of 0.64%, 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.
