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Olin (OLN) Surges: Stock Moves 5.9% Higher
Olin Corporation (OLN - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 18.3% in the past one-month time frame.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Olin currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Olin Corporation Price
Olin Corporation price | Olin Corporation Quote
A better-ranked stock in the Basic Materials sector is DuPont de Nemours Inc (DD - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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