The SVP, Business Operations of Olin Corp (OLN) is Buying Shares


Today, the SVP, Business Operations of Olin Corp (NYSE: OLN), SAMPSON JOHN MAURICE, bought shares of OLN for $216.8K.

This recent transaction increases SAMPSON JOHN MAURICE’s holding in the company by 44.57% to a total of $1.38 million. In addition to SAMPSON JOHN MAURICE, 2 other OLN executives reported Buy trades in the last month.

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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 $4.98B and the company has a P/E ratio of 8.13. Currently, Olin Corp has an average volume of 1.01M.

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 -19.3% downside.

In the last 30 days, insiders have sold $1.26M worth of OLN shares and purchased $1.01M worth of OLN shares. The insider sentiment on Olin Corp has been neutral according to 33 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.

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