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The stock has been a major outperformer in 2021 with a YTD gain of more than 150%. Following the pandemic, industrial activity has been stronger than expected, benefitting chemical companies and prices.
The chemicals made by OLN are used by industries all across the economy which means the company will benefit from the recent uptick in growth. It’s also benefiting from inflation as OLN’s chemicals are essential inputs for so many necessary and important items which means it has considerable pricing power.
