Olin Corporation (NYSE:OLN) has tumbled 3.27% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 15.36% in the last four weeks. The stocks have underperformed the S&P 500 by 2.11% during the past week but Olin Corporation (NYSE:OLN) it has outperformed the index in 4 weeks by 14.31%.
Olin Corporation (NYSE:OLN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.75 and $23.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.96, notching a gain of 0.84% for the day. The total traded volume was 5,086,450 . The stock had closed at $23.76 on the previous day.
The company shares have dropped -14.15% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $28.35 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $22.46 and the 200 Day Moving Average price is recorded at $18.37.
On the companys insider trading activities, Larrimore Randall W, director of Olin Corp, executed a transaction worth $24,720 on March 1, 2016. A total of 1,600 shares were purchased at an average price of $15.45. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 2.8% of Olin Corporation shares according to the proxy statements. Institutional Investors own 92.84% of Olin Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 17.57%.
Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester products segments include sporting ammunition, reloading components, small caliber military ammunition and components and industrial cartridges. The Companys subsidiary, Olin Canada ULC, operates one chlor alkali facility in Becancour, Canada, which sells chlor alkali-related products within Canada and to the United States and also sells and distributes ammunition within Canada. Its subsidiary, Winchester Australia Limited, loads and packs sporting and industrial ammunition in Australia.