A Director at Olin Corp (NYSE: OLN) is Buying Shares

Today, a Director at Olin Corp (NYSE: OLN), Randall Larrimore, bought shares of OLN for $25.02K.

Following Randall Larrimore’s last OLN Buy transaction on March 03, 2016, the stock climbed by 16.0%. This is Larrimore’s first transaction since reporting a Sell transaction on CPB back in December 2017

Based on Olin Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.62 billion and quarterly net profit of $489 million. In comparison, last year the company earned revenue of $1.39 billion and had a net profit of $17.5 million. The company has a one-year high of $38.84 and a one-year low of $27.79. OLN’s market cap is $5.23B and the company has a P/E ratio of 9.67.

Starting in February 2017, OLN received 33 Buy ratings in a row. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $41, reflecting a -23.6% downside. 11 different firms, including Merrill Lynch and Citigroup, currently also have a Buy rating on the stock.

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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 and Vinyls segment manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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