Institutional investors, including Ergawealth, increased their stakes in Olin Co. during Q4, and the company exceeded Q1 revenue estimates.
Ergawealth Advisors Inc. and other institutional investors increased their stakes in Olin Co. (NYSE:OLN) during the fourth quarter, with Ergawealth purchasing 4,000 shares for $216,000. Despite insider selling, Olin reported a net margin of 6.74% and revenue of $1.61 billion for Q1, surpassing analysts' estimates. Analysts have a "Hold" average rating and a $59.00 price target for the stock, which is trading at $53.67.
April 16, 2024
3 Articles