Olin Corp’s filing revealed 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 $0.7 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.
Truist initiated its Olin Corp [OLN] rating to a Hold in a research note published on January 28, 2025; the price target was $38. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. BMO Capital Markets began covering OLN with “Market perform” recommendation on September 03, 2024. Mizuho started covering the stock on August 08, 2024. It rated OLN as “a Neutral”.
Price Performance Review of OLN
On Friday, Olin Corp [NYSE:OLN] saw its stock fall -8.87% to $29.29. Over the last five days, the stock has lost -10.51%. Olin Corp shares have fallen nearly -13.34% since the year began. Nevertheless, the stocks have fallen -45.23% over the past one year. While a 52-week high of $60.60 was reached on 01/21/25, a 52-week low of $30.69 was recorded on 01/31/25. SMA at 50 days reached $36.18, while 200 days put it at $44.55.
Levels Of Support And Resistance For OLN Stock
The 24-hour chart illustrates a support level at 28.48, which if violated will result in even more drops to 27.67. On the upside, there is a resistance level at 30.42. A further resistance level may holdings at 31.55. The Relative Strength Index (RSI) on the 14-day chart is 26.45, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.77%. Stochastics %K at 30.67% 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 2025-01-15, growing by 1.28 million shares to a total of 4.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.85 million shares. There was a rise of 31.0%, which implies that there is a positive sentiment for the stock.
