Olin Corp’s recently made public that its President & CEO Lane Kenneth Todd acquired Company’s shares for reported $0.2 million on Feb 04 ’25. In the deal valued at $28.06 per share,7,250 shares were bought. As a result of this transaction, Lane Kenneth Todd now holds 7,250 shares worth roughly $0.17 million.
Then, Sumner R Nichole sold 10,500 shares, generating $459,412 in total proceeds. Upon selling the shares at $43.75, the VP & Controller now owns 24,056 shares.
Before that, R. Nicole Sumner bought 10,500 shares. Olin Corp shares valued at $438,585 were divested by the Officer at a price of $41.77 per share.
JP Morgan downgraded its Olin Corp [OLN] rating to a Neutral from a an Overweight in a research note published on February 27, 2025; the price target was decreased to $28 from $50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “a Neutral”. RBC Capital Mkts also remained covering OLN and has decreased its forecast on February 04, 2025 with a “Sector perform” recommendation from previously “an Outperform” rating. Truist started covering the stock on January 28, 2025. It rated OLN as “a Hold”.
Price Performance Review of OLN
On Tuesday, Olin Corp [NYSE:OLN] saw its stock fall -1.86% to $23.79. Over the last five days, the stock has lost -3.80%. Olin Corp shares have fallen nearly -29.62% since the year began. Nevertheless, the stocks have fallen -59.54% over the past one year. While a 52-week high of $60.60 was reached on 01/21/25, a 52-week low of $22.98 was recorded on 03/04/25. SMA at 50 days reached $27.06, while 200 days put it at $38.86.
Levels Of Support And Resistance For OLN Stock
The 24-hour chart illustrates a support level at 23.41, which if violated will result in even more drops to 23.03. On the upside, there is a resistance level at 24.16. A further resistance level may holdings at 24.53. The Relative Strength Index (RSI) on the 14-day chart is 37.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.95%. Stochastics %K at 37.65% 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 2025-03-14, growing by 0.27 million shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.94 million shares. There was a rise of 5.27%, which implies that there is a positive sentiment for the stock.
