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 $203,447 were purchased by Lane Kenneth Todd on Feb 04 ’25. At $28.06 per share, Lane Kenneth Todd acquired 7,250 shares. The insider’s holdings grew to 7,250 shares worth approximately $0.16 million following the completion of this transaction.
Also, Sumner R Nichole sold 10,500 shares, netting a total of over 459,412 in proceeds. Following the sale of shares at $43.75 each, the insider now holds 24,056 shares.
Before that, R. Nicole Sumner had added 10,500 shares to its account. In a trade valued at $438,585, the Officer bought Olin Corp shares for $41.77 each.
As published in a research note from JP Morgan on February 27, 2025, Olin Corp [OLN] has been rated down from an Overweight to a Neutral and the price target has been revised to $28 from $50. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 04, 2025, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for OLN. Earlier on January 28, 2025, Truist initiated its rating. Their recommendation was “a Hold” for OLN stock.
Analyzing OLN Stock Performance
During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, Olin Corp shares have dropped approximately -35.95%. Shares of the company reached a 52-week high of $34.76 on 01/21/25 and a 52-week low of $17.66 on 04/08/25. A 50-day SMA is recorded $23.35, while a 200-day SMA reached $36.05.
Support And Resistance Levels for Olin Corp (OLN)
According to the 24-hour chart, there is a support level at 21.45, which, if violated, would cause prices to drop to 21.26. In the upper region, resistance lies at 21.92. The next price resistance is at 22.20. RSI (Relative Strength Index) is 47.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 29.51%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
