NYSE:OLNChemicals
Olin (OLN) Stock Sinks As Losses Deepen And Outage Risks Persist
Olin stock is absorbing a bruising reset. Shares slumped about 16% to US$18.51 after the Q2 release, capping a tough three month stretch for investors already sitting on a roughly 35% decline over the past quarter. The market is treating this as a verdict on profitability, not on volume or pricing.
The headline this quarter is the earnings repair story colliding with patience fatigue. Olin still reported a loss, with basic earnings per share at about US$0.12 in the red and net income...