Why Olin Stock Crashed Today
Olin (NYSE: OLN) stock crashed an unlucky 13.7% through 10:30 a.m. ET Tuesday after missing slightly on its revenue report last night -- but crushing on earnings.
Heading into the report, analysts expected Olin to earn only $0.09 per share, but the chemicals and ammunition company actually earned $0.37 per share. Only on revenue did Olin come up short, reporting quarterly sales of $1.71 billion -- not the $1.73 billion expected.
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Source Fool.com
Olin Corp. Stock
€18.90
-1.050%
Currently there is a rather positive sentiment for Olin Corp. with 13 Buy predictions and 3 Sell predictions.
As a result the target price of 27 € shows a positive potential of 42.86% compared to the current price of 18.9 € for Olin Corp..
