Large Outflow of Money Witnessed in Olin Corporation

Olin Corporation (NYSE:OLN) During the most recent session, the shares traded at 0.17 points or 0.72% higher at $23.93. The money flow data is unimpressive with the net money flow value of $(-13.25) million. As per the intraday data, the upticks measured $5.7 million and the downticks measured $18.95 million. As a result, the up/down ratio registered a value of 0.3. The shares have seen -3.39% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $12.13 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-12.13) million.

Olin Corp. has dropped 3.27% in the last five trading days, however, the shares have posted positive gains of 15.53% in the last 4 weeks. Olin Corp. is up 39.62% in the last 3-month period. Year-to-Date the stock performance stands at 42.21%.

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%. . 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.

Olin Corporation (NYSE:OLN) rose 0.84% or 0.2 points on Friday and made its way into the gainers of the day. After trading began at $23.75 the stock was seen hitting $24.03 as a peak level and $23.62 as the lowest level. The stock ended up at $23.96. The daily volume was measured at 5,086,450 shares. The 52-week high of the share price is $29.02 and the 52-week low is $12.29. The company has a market cap of $3,957 million.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.