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.
Image source: Getty Images.
Source Fool.com
Olin Corp. Stock
€19.90
-2.450%
We see a rather positive sentiment for Olin Corp. with 9 Buy predictions and 2 Sell predictions.
With a target price of 26 € there is a positive potential of 30.65% for Olin Corp. compared to the current price of 19.9 €.
