Olin Corporation (OLN), Illinois Tool Works Inc. (ITW): Tempting figures

MCINTOSH JOHN L, EVP, Synergies & Systems, sold 42,000 shares of the Olin Corporation (NYSE:OLN) in an exchange that happened on August 8th, 2018. The stock was sold at an average price of $29.98 per share, amounting to a transaction worth $1,259,210. The purchase was made public in a document filed with the SEC. Additionally, Director LARRIMORE RANDALL W bought 500 shares of this stock in a transaction that took place on May 4th, 2018. The stock was bought at an average price of $30.89 per share, for a total exchange amounting to $15,445. After the transaction, the Director LARRIMORE RANDALL W currently holds 4,000 shares of the company’s stock, which is worth approximately $93640.

With this stock price’s latest movement, it is now -39.73% away from its 1-year high and -2.50% lower than its 1-year low price. In the past seven days, the stock price volatility for Olin Corporation was 3.77%, whereas its volatility in the past 30 days has been 3.07%. This public company’s stock also has a beta score of 1.58. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Olin Corporation (NYSE:OLN) most recently published its quarterly earnings results on Thursday 07/31/2018. The publicly-traded organization reported revenue of $1,728.40 million for the quarter, compared to the average analyst forecast calling for $1,733.76 million, which was missing the analyst consensus estimate.

Shares of Olin Corporation (OLN) plunged -2.82%, amounting to a loss of -$0.68 per share, to finish the regular trading session at $23.41 on Wednesday 10/10/2018. After beginning the session at $24.42, shares of Olin Corporation reached as high as $24.44 during the day, while hitting a 1-day low of $23.39. Trade volume reached 3,462,115 shares against this stock’s average daily volume of 1.91M shares, with a total float of 165.95M. As a consequence of the price decrease, Olin Corporation now has a current market value of 3.94B.

Illinois Tool Works Inc. (NYSE:ITW) subtracted -2.83% to its trading price by the close of the most recent session, dropping from its previous closing price of $136.87 to $133.00. This stock decreased in value by -7.45% during the last 7-day period, and experienced a loss of -6.03% over the past 30-day period. In the past three months, this stock’s price lost by -6.65% , and subtracted -14.60% to its price during the last six months of trading. ITW demonstrated a yearly price loss of -12.28% , while its year-to-date (YTD) price performance has been down -20.29% . This stock’s price changed by +0.08% compared to its 90-day low, and moved down -10.83% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the ITW stock as “Sell”. In the short-term, Illinois Tool Works Inc. (ITW) has a 20-day average volume of 1,427,700 shares and short-term indicators sets the ITW stock as “ 60% Sell ” on average basis. In the medium-term, ITW stock has a 50-Day average volume of 1,451,292 shares and medium-term indicators gave the average rating of “ 50% Sell ”, while in the long-term period the FB stock has a 100-Day average volume of 1,554,114 shares. On average, long-term indicators rated the stock as “100% Sell ”. The overall picture from all short, medium and long-term indicators sets the ITW stock as “72% Sell ” on average basis.

Recently, multiple brokerages have sent out reports on ITW. Morgan Stanley, for example, Initiated its rating on shares of Illinois Tool Works Inc. to a “Equal-Weight”, while setting a $146 price target on shares of the company’s stock, according to a research note from Tuesday August 21st, 2018. Stifel Reiterated their target price for this stock from $156 to $145, while giving the stock a “Hold” rating, as stated in a research report from Tuesday, July 24th, 2018. Goldman, on the other hand, Downgrade a from “Buy ” to “ Neutral” rating on this stock in a research note dated Tuesday, July 24th, 2018.

In other news related to Illinois Tool Works Inc. stock, 78.44% shares of ITW held by institutions. The total number of institutions who held the ITW shares was 1,492, according to most recent SEC filling. During the past quarter, total 263,049,339 shares held by institutions with the net change of 215,410 shares. In the meantime, 12 new institutions bought the shares of Illinois Tool Works Inc. for the first time and 7 institutions sold all their holdings in the company’s common stock. 56 institutions increased their investment in the ITW stock and 35 institutions decreased their investment in the Illinois Tool Works Inc. (ITW)’s stock during the last quarter.