August 8, 2020

Notable Stock News to Watch: Olin Corporation’s (NYSE:OLN)

Olin Corporation’s (NYSE:OLN) stock revealed change of 6.44% away from 52-week low price and recently located move of -40.08% off 52-week high price. It has market worth of $2.52B and dividend yield of 4.89%. OLN stock has been recorded -5.56% away from 50 day moving average and -15.31% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.56% off 20-day moving average.

On Jan. 24, 2020, Olin Corporation’s (NYSE:OLN) Board of Directors released a quarterly dividend of $0.20 on each share of Olin common stock. The dividend is payable on March 10, 2020 to shareholders of record at the close of business on February 10, 2020. This marks the company’s 373rd consecutive quarterly dividend.

COMPANY DESCRIPTION

Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

 The Basic Materials sector company, Olin Corporation noticed change of -3.59% to $16.37 along volume of 1958055 shares in recent session compared to an average volume of 2.27M shares. The stock observed return of -9.06% in 5 days trading activity. The stock was at -6.40% over one month performance. OLN’s shares are at -11.32% for the quarter and driving a -29.07% return over the course of the past year and is now at -5.10% since this point in 2018. 

 The average volatility for the week at 3.56% and for month was at 2.78%. There are 153.82M shares outstanding and 152.35M shares are floated in market. Right now the stock beta is 1.61. 

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