Olin Corporation (OLN) : The total negative money flow of $2.33 million on Thursday indicates selling on strength. The inflow of money on upticks was $4.82 million, compared to $7.15 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.67. The negative money flow of $0.97 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.63 million in a block trade.The transaction value of block trade on downtick was $1.6 million. The uptick to downtick ratio was 0.39. The price action in the Olin Corporation (OLN) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $24.26 with a gain of $0.25 , a change of 1.02% over the previous days close. The stock registered -2.55% for the week.
Olin Corporation (OLN) : Average target price received by Olin Corporation (OLN) is $26.25 with an expected standard deviation of $4.65. The most aggressive target on the stock is $31, whereas the most downbeat target is $20. 4 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 6.73%.
Olin Corporation (NYSE:OLN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.16 and $23.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.29, notching a gain of 1.17% for the day. The total traded volume was 1,871,273 . The stock had closed at $24.01 on the previous day.
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.