Recent exceptional negative changes in investment behavior have affected Olin Corp (NYSE: OLN): its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Olin Corp (NYSE: OLN) suffers from small negative changes in fundamentals: the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, OLN is expected to continue to be a major Value Builder.
Olin has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Olin has a neutral Appreciation Score of 58 and a neutral Power Rating of 45, and the Neutral Value Trend Rating results.
Recent Price Action
Olin Corp (NYSE: OLN) stock closed at $44.58 on 7/29/24 after a slight decline of -0.02%. Moreover, trading volume in this decline was exceptionally high at 283% of normal. The stock has declined -7.3% during the last week and has performed in line with the market over the last nine months.
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