Olin Corp Chairman, President & CEO Scott Sutton Sells 584,865 Shares
Olin Corporation (NYSE:OLN), a company engaged in the manufacturing and distribution of chemical products, has reported a significant insider sell transaction. According to a recent SEC filing, Chairman, President & CEO Scott Sutton sold 584,865 shares of the company on January 31, 2024.
Olin Corp is known for its diversified portfolio of chemical products, including chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. The company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester.
Over the past year, the insider has sold a total of 584,865 shares and has not made any purchases of the company's stock. This latest transaction continues the trend of insider selling activity at Olin Corp, with a total of 8 insider sells and no insider buys reported over the same period.
On the date of the insider's recent sell, shares of Olin Corp were trading at $53.92, resulting in a market capitalization of $6,323.722 billion.
The stock's price-earnings ratio stands at 14.86, which is below the industry median of 20.24 and above the company's historical median price-earnings ratio.
Considering the current share price of $53.92 and the GuruFocus Value of $50.79, Olin Corp has a price-to-GF-Value ratio of 1.06, indicating that the stock is Fairly Valued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider selling pattern at Olin Corp, with no insider purchases over the past year.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value estimate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
