5 Trending Stocks on Tuesday

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In this article, we discuss the 5 trending stocks on Tuesday. If you want to see some more stocks that made their way into the headlines today, go directly to 10 Trending Stocks on Tuesday.

5. Olin Corporation (NYSE:OLN)

Number of Hedge Fund Holders: 43

Shares of Olin Corporation (NYSE:OLN) slipped over five percent this morning after the chemical products distributor trimmed its EBITDA outlook for the current quarter, citing weak demand.

Olin Corporation (NYSE:OLN) now expects adjusted EBITDA in the range of $530 – $550 million for the third quarter, down from its previous projection of roughly $618 million.

Discussing the revised outlook, CEO of Olin Corporation (NYSE:OLN), Scott Sutton, said in a statement:

“We have seen global economic conditions worsen faster than expected with an accelerated deterioration in both European and North American demand particularly in epoxy and vinyls intermediates, which has been aggravated by increased Chinese exports precipitated by continuing weak Chinese domestic demand.”

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