Olin Corp. (OLN) was a big mover last session, as the company saw its shares rise more than 14% on the day. The upside came after the company announced its decision to merge with The Dow Chemical Company’s (DOW) chlorine business in a deal valued at $5 billion. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $27.06 to $30.53 over the past one-month time frame.
None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Olin carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
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