Olin Corp. (OLN)

Shares of Olin Corporation (OLN) dropped by 9.03% from $46.30 to $42.12 in the trading on Friday, October 27, 2023. The reason why OLN stock down is due to lower-than-expected third-quarter earnings.Olin's earnings per share came in at $0.82, falling short of analyst estimates of $1.23 per share. Additionally, the company's revenue decreased by 15% year-over-year to $1.98 billion, which was below market expectations. These disappointing financial results led to the significant drop in OLN's stock price.

Olin Corporation (OLN) was down, falling 10.41% to $51.98 after the company announced Scott Sutton will step down as President, Chief Executive Officer and Chairman of the Board in the first half of 2024.

https://www.fool.com/investing/2023/09/01/why-olin-stock-is-down-today/