From Nasdaq: 2024-11-19 06:00:00

Olin Corporation, a chemical solutions producer, operates globally with products like chlorine, caustic soda, and epoxy-related chemicals. Despite a strong presence in Brazil, the company faces challenges from soft global economic conditions and high debt levels.

Recent earnings show Olin falling short, with a third-quarter loss of -$0.21/share. Negative earnings surprises and estimate revisions signal a deteriorating outlook. With a downward trend in stock performance and a “death cross” pattern, Olin’s future looks bleak for investors.

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Read more at Nasdaq: Bear of the Day: Olin (OLN)