Olin Corporation (OLN): Today's Featured Chemicals Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Olin Corporation ( OLN) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Olin Corporation fell $0.54 (-2.1%) to $25.55 on heavy volume. Throughout the day, 2,158,615 shares of Olin Corporation exchanged hands as compared to its average daily volume of 1,419,800 shares. The stock ranged in price between $25.36-$26.12 after having opened the day at $25.84 as compared to the previous trading day's close of $26.09. Other companies within the Chemicals industry that declined today were: GSE ( GSE), down 10.0%, Intrepid Potash ( IPI), down 8.8%, Metabolix ( MBLX), down 4.8% and Flexible Solutions International ( FSI), down 2.9%.

Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. It operates in three segments, Chlor Alkali Products, Chemical Distribution, and Winchester. Olin Corporation has a market cap of $2.1 billion and is part of the basic materials sector. Shares are down 9.6% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Olin Corporation a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Olin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Synthesis Energy Sys ( SYMX), up 19.2%, Amyris ( AMRS), up 7.5%, Innospec ( IOSP), up 7.1% and Innophos Holdings ( IPHS), up 6.2% , were all gainers within the chemicals industry with Air Products & Chemicals ( APD) being today's featured chemicals industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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