Today, the EVP, Synergies & Systems of Olin Corp (NYSE: OLN), John Mcintosh, bought shares of OLN for $788.8K.
Following this transaction John Mcintosh’s holding in the company was increased by 64.62% to a total of $1.97 million.
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Based on Olin Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.73 billion and quarterly net profit of $58.6 million. In comparison, last year the company earned revenue of $1.53 billion and had a GAAP net loss of $5.9 million. OLN’s market cap is $5.07B and the company has a P/E ratio of 8.26. Currently, Olin Corp has an average volume of 798.7K.
12 different firms, including Merrill Lynch and Citigroup, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $37.75, reflecting a -19.7% downside.
In the last 30 days, insiders have sold $1.26M worth of OLN shares and purchased $788.8K worth of OLN shares.
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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.
