Will Olin Corporation Go Down Anytime Soon? Option Trader Doubt That

 Will Olin Corporation Go Down Anytime Soon? Option Trader Doubt That

In today’s session Olin Corporation (OLN) registered an unusually high (1,588) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious OLN increase. With 1,588 contracts traded and 15934 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: OLN161118C00021000 closed last at: $0.75 or 0% . About 205,064 shares traded hands. Olin Corporation (NYSE:OLN) has risen 33.33% since March 15, 2016 and is uptrending. It has outperformed by 27.85% the S&P500.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on November, 7. They expect $0.30 earnings per share, up 50.00% or $0.10 from last year’s $0.2 per share. OLN’s profit will be $50.91 million for 17.48 P/E if the $0.30 EPS becomes a reality. After $0.24 actual earnings per share reported by Olin Corporation for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Olin Corporation (NYSE:OLN) Ratings Coverage

Out of 6 analysts covering Olin Corporation (NYSE:OLN), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $29 is the highest target while $18 is the lowest. The $22.80 average target is 8.67% above today’s ($20.98) stock price. Olin Corporation has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock with “Market Perform” rating in Monday, September 21 report. The rating was maintained by Cowen & Co with “Outperform” on Friday, July 29. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, September 8. The stock of Olin Corporation (NYSE:OLN) earned “Outperform” rating by RBC Capital Markets on Friday, October 30. As per Friday, July 22, the company rating was maintained by RBC Capital Markets. The stock of Olin Corporation (NYSE:OLN) earned “Neutral” rating by UBS on Wednesday, September 2. Cowen & Co upgraded the shares of OLN in a report on Tuesday, June 28 to “Outperform” rating. The firm has “Buy” rating given on Thursday, January 7 by Nomura. The rating was maintained by RBC Capital Markets on Monday, June 13 with “Outperform”. The firm has “Positive” rating by Susquehanna given on Thursday, August 6.

According to Zacks Investment Research, “Olin Corporation is a manufacturer concentrated in chemicals, metals and ammunition. The chemicals segment is divided into divisions: Chlor-Alkali, Chemicals and Microelectronic Materials. Chlor-alkali includes chlor-alkali products, sodium hydrosulfite and high strength bleach products. Chemicals includes pool chemicals, biocides, hydrazine, polyols, propylene glycols and surfactants and fluids. Microelectronic Materials includes image-forming and electronic interconnect materials and services. The metals and ammunition segment produces copper alloy sheet, strip, rod, wire, and ammunition.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.44, from 1.46 in 2016Q1. The ratio dived, as 41 funds sold all Olin Corporation shares owned while 83 reduced positions. 42 funds bought stakes while 84 increased positions. They now own 167.03 million shares or 9.36% more from 152.73 million shares in 2016Q1.
Wfg Advisors Lp reported 10,299 shares or 0.07% of all its holdings. First Republic Management Inc holds 0% or 15,039 shares in its portfolio. Manufacturers Life The holds 328,308 shares or 0.01% of its portfolio. First Advsr Limited Partnership last reported 0.03% of its portfolio in the stock. Sequoia Finance Ltd holds 18,525 shares or 0.13% of its portfolio. Panagora Asset owns 13,051 shares or 0% of their US portfolio. Principal Group Incorporated holds 0.02% or 677,102 shares in its portfolio. Blackrock Institutional Tru Na owns 4.78M shares or 0.02% of their US portfolio. Glenmede Trust Na accumulated 0% or 144 shares. Parkside Commercial Bank & has 901 shares for 0.01% of their US portfolio. Sterneck Ltd Com has invested 0.23% of its portfolio in Olin Corporation (NYSE:OLN). Gates Mngmt Incorporated accumulated 2.77 million shares or 2.34% of the stock. Ladenburg Thalmann Fincl Serv has 21,761 shares for 0.01% of their US portfolio. California State Teachers Retirement Systems holds 0.02% or 347,961 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 49,333 shares or 0.02% of the stock.

Insider Transactions: Since August 23, 2016, the stock had 0 insider purchases, and 1 sale for $215,943 net activity. $215,943 worth of shares were sold by MCINTOSH JOHN L on Tuesday, August 23.

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The company has a market cap of $3.56 billion. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. It currently has negative earnings. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrogen, bleach products and potassium hydroxide.

OLN Company Profile

Olin Corporation, incorporated on August 13, 1892, is a maker and distributor of chemical products, and ammunition. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products, such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

Another recent and important Olin Corporation (NYSE:OLN) news was published by Seekingalpha.com which published an article titled: “Chemours Vs. Olin Corporation: And The Winner Is?” on September 28, 2016.

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