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Olin ( (OLN) ) has issued an update.
Olin Corporation announced an increase in its share repurchase authorization to $2.0 billion, with a new authorization of $1.3 billion for repurchasing common stock. This move reflects the company’s confidence in its earnings potential and cash flow generation. The timing and execution of share repurchases will depend on market conditions and other factors, indicating a strategic approach to capitalize on market opportunities and deliver higher shareholder returns.
More about Olin
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products, including chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. It is also a leading U.S. manufacturer of ammunition, producing sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
YTD Price Performance: -28.11%
Average Trading Volume: 1,512,607
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.45B
Learn more about OLN stock on TipRanks’ Stock Analysis page.
