Olin Corporation (NYSE:OLN) is at least 15.22% than its current record low price of $17.87. There was a -5.77% decline on 6/19/2019 that led the price to move at $20.59. At a recent session, the prices were hovering between $8.2197 and $8.4. This company shares are 36.28% off its target price of $28.06 and the current market capitalization stands at $3.49B. The recent change has given its price a -7.36% deficit over SMA 50 and -35.66% deficit over its 52-week high. The stock witnessed -6.62% declines, -10.36% declines and 4.46% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found OLN’s volatility during a week at 3.35% and during a month it has been found around 3.25%.

What Does Olin Corporation (OLN) Do?

The company describes itself in regulatory filings as, “Olin Corp. engages in manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.” [Text can be found here: https://www.marketwatch.com/investing/stock/OLN/profile under company description.]

Olin Corporation (OLN) Top Holders

Institutional investors currently hold around $3.35 billion or 93.4% in OLN stock. Look at its top three institutional owners: Fmr Llc owns $540.42 million in Olin Corporation, which represents roughly 15.48% of the company’s market cap and approximately 16.16% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 19,435,921 shares of the stock are valued at $424.68 million. The third largest holder is Vanguard Group Inc, which currently holds $349.68 million worth of this stock and that ownership represents nearly 10.02% of its market capitalization.

Olin Corporation 13F Filings

At the end of March reporting period, 169 institutional holders increased their position in Olin Corporation (NYSE:OLN) by some 23,053,650 shares, 146 decreased positions by 13,881,826 and 66 held positions by 116,165,274. That puts total institutional holdings at 153,100,750 shares, according to SEC filings. The stock grabbed 58 new institutional investments totaling 2,393,750 shares while 41 institutional investors sold out their entire positions totaling 2,823,240 shares.

Olin Corporation (NYSE:OLN) Insider Trades

Multiple company employees have indulged in significant insider trading. Olin Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Synergies & Systems MCINTOSH JOHN L has sold 19,335 shares of Olin Corporation (OLN) in the trading session dated May. 22, 2019. These shares are worth $435,811 and were traded at $22.54 each. The SEC filing shows that MCINTOSH JOHN L performed a sale of 10,500 shares. The EVP, Synergies & Systems disposed these shares by way of transaction on May. 16, 2019. The company’s shares were given away at $21.74 per share worth to an income of some $228,270 to the account of MCINTOSH JOHN L.

Director, Sutton Scott McDougald, purchased 8,000 common shares of Olin Corporation (OLN) in the open market. In a transaction dated May. 08, 2019, the shares were bought at an average price of $20.71, giving away a sum of $165,680. After this purchase, 30,000 common shares of OLN are directly owned by the insider, with total stake valued at $617,700.

In the transaction dated May. 03, 2019, a great number of shares acquired came courtesy the Director; Sutton Scott McDougald added a total of 7,000 shares at an average price of $21.02, amounting to approximately $147,140. The insider now directly owns 22,000 shares worth $452,980.

Olin Corporation (OLN) Analyst Guide

Several analysts have released their opinion on Olin Corporation (NYSE:OLN), with 4 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.17 average brokerage recommendation [T1].