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Wednesday, September 27, 2023

Is Olin Corporation (NYSE: OLN) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Olin Corporation (OLN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $50.39. The Olin Corporation has recorded 107,100 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Olin Announces CEO Transition Plan.

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Stocks Info

Olin Corporation is listed on the NYSE in the Basic Materials sector while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $50.39 and fluctuated between $51.07 as its day high and $49.92 as its day low. The current market capitalization of Olin Corporation is $6.24B. A total of 1.49 million shares were traded on the day, compared to an average of 1.60M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OLN has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 12,050 and the disposition of 16,174 shares. Over the last 12 months, there were 20 BUYs and 15 SELLs from insiders. Insiders purchased 215,690 shares during that period but sold 106,941.

In the most recent transaction, Gumpel Damian sold 800 shares of OLN for 55.39 per share on Aug 18. After the transaction, the VP & Pres, Epoxy & Corp Strat. now owns 27,651 company shares. In a previous transaction on Aug 10, Gumpel Damian sold 8,000 shares at 58.38 per share. OLN shares that VP & Pres, Epoxy & Corp Strat. owns now total 27,651.

Among the insiders who sold shares, FLAUGHER BRETT A disposed of 11,250 shares on Aug 08 at a per-share price of $58.95. This resulted in the VP & Pres, Winchester holding 0 shares of OLN after the transaction. In another insider transaction, PETERS VALERIE A sold 4,124 shares at $58.22 per share on Aug 03. Company shares held by the VP, HR now total 0.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Olin Corporation pays an annual dividend of $0.80, resulting in a dividend yield of 1.59%, and it has a price to earnings (P/E) ratio of 8.55. OLN’s most recent ex-dividend date was 8/9/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 9/8/2023. Previously, the company paid the dividend on 6/9/2023 with an ex-dividend date of 5/10/2023. The OLN stock dividend was $0.20 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OLN in the last 3 months, the mean price target is $63.25 with high estimates of $82.00 and low estimates of $47.00. In terms of 52-week highs and lows, OLN has a high of $64.70 and a low of $41.33.

As of this writing, OLN has an earnings estimate of $0.78 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.9 per share and a lower estimate of $0.64. The company reported an EPS of $1.5 in the last quarter, which was 12.80% higher than expectations of $1.33.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OLN’s latest balance sheet shows that the firm has $180.50M in Cash & Short Term Investments as of fiscal 2021. There were $3.16B in debt and $1.68B in liabilities at the time. Its Book Value Per Share was $19.09, while its Total Shareholder’s Equity was $2.65B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OLN is Buy with a score of 4.17.

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