Piercing Line – OIH, OLN, OMG, OMN, PAG

by Melanie Francine Santos on August 29, 2011

Oil Service HOLDRs (ETF) (NYSE:OIH) went up 3.54%, to close at $126.44 and its overall traded volume was 5.96M shares in the last trading session. OIH opened the day at $120.61, it made an intraday low of $120.60 and an intraday high of $127.35. The 52-week range of the stock is $96.10 – $167.37. The market capitalization of the company stands at $3.07B and it has 24.26M outstanding shares.

Oil Service HOLDRS Trust issues depositary receipts called Oil Service HOLDRS, representing an undivided beneficial ownership in the common stock of a group of specified companies that, among other things, provide drilling, well-site management, and related products and services for the oil service industry. The Bank of New York is the trustee. The Trust will terminate on December 31, 2041, or earlier if a termination event occurs.


Olin Corporation (NYSE:OLN) went up 3.11%, to close at $18.90 and its overall traded volume was 602,919.00 shares in the last trading session. OLN shares were trading within the range of $17.82-$18.90 while its opening price was $18.16. The 52-week range of the stock is $17.47 – $27.16. At current market price, the market capitalization of the company stands at $1.52B and it has 80.18M outstanding shares.Olin Corporation is a manufacturer concentrated in two business segments: Chlor Alkali Products and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. During the year ended December, 31, 2010, the Chlor Alkali Products segment represented 65% of its sales. Winchester products, which represent 35% of 2010 sales, include sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. Its subsidiary, Olin Canada ULC, operates one chlor alkali facility in Becancour, Quebec, which sells chlor alkali-related products within Canada and to the United States. Its subsidiary, Winchester Australia Limited, loads and packs sporting and industrial ammunition in Australia. In February 2011, the Company acquired PolyOne Corporation’s 50% interest in the SunBelt Chlor Alkali Partnership.
OM Group, Inc. (NYSE:OMG) went up 3.56%, to close at $29.95 and its overall traded volume was 373,131.00 shares in the last trading session. OMG opened at $28.72 and is trading within the range of $28.46-$29.98. The 52-week range of the stock is $25.35 – $41.88. At current market price, the market capitalization of the company stands at $967.88M and it has 32.32M outstanding shares.OM Group, Inc. is a global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage, and technologies. The Company is a refiner of cobalt and producer of cobalt-based specialty products. It is organized into three operating segments: Advanced Materials, Specialty Chemicals and Battery Technologies. The Advanced Materials segment consists of inorganics, a joint venture that operates a smelter in the Democratic Republic of Congo (the DRC) and metal resale. The Specialty Chemicals segment consists of Electronic Chemicals, Advanced Organics, Ultra Pure Chemicals (UPC) and Photomask s. The Battery Technologies segment, which consists of the EaglePicher Technologies business, provides advanced batteries, battery materials and battery management systems. On January 29, 2010, the Company completed the acquisition of EaglePicher Technologies, LLC from EaglePicher Corporation. In August 2011, the Company acquired Vacuumschmelze GmbH & Co. KG.
OMNOVA Solutions Inc. (NYSE:OMN) went up 3.51%, to close at $4.72 and its overall traded volume was 110,557.00 shares in the last trading session. OMN shares were trading within the range of $4.39-$4.78 while its opening price was $4.52. The stock has a 52 week range of $4.39 – $9.43. OMN’s market capitalization is $214.50M and it has 45.44M outstanding shares.OMNOVA Solutions Inc. (OMNOVA) is a provider of emulsion polymers, specialty chemicals and decorative and functional surfaces for a range of commercial, industrial and residential end uses. OMNOVA operates in two business segments: Performance Chemicals and Decorative Products. During the fiscal year ended November 30, 2010 (fiscal 2010), the Company’s Performance Chemicals and Decorative Products segment’s net sales were 62% and 38%, respectively. In May 2010, OMNOVA acquired The Dow Chemical Company’s hollow sphere plastic pigment (HPP) product line and terminated the RohmNova paper coatings joint venture. On December 9, 2010, the Co mpany acquired Eliokem International SAS (Eliokem) from AXA Investment Managers Private Equity Europe and the other holders of Eliokem. The Company uses 16 manufacturing, technical and other facilities located in North America, Europe and Asia to service its customer base.
Penske Automotive Group, Inc. (NYSE:PAG) surged 3.75%, to close at $16.88 and its overall traded volume was 940,646.00 shares in the last trading session. PAG opened at $16.12 and is trading within the range of $15.84-$17.08. The stock has a 52 week low of $11.65 and 52 week high of $24.00. At current market price, the market capitalization of the company stands at $1.55B and it has 92.06M outstanding shares.Penske Automotive Group, Inc. is an automotive retailer in the United States. The Company, through smart USA Distributor, LLC (smart USA), which is a wholly owned subsidiary, is a distributor of the smart fortwo vehicle in the United States and Puerto Rico. offers its customers with various vehicle warranty and extended protection products, including extended service contracts, maintenance programs, guaranteed auto protection (GAP) products. As of December 31, 2010, it operated 323 retail automotive franchises, of which 172 franchises were located in the United States and 151 franchises were located outside of the United States. During the year ended December 31, 2010, it retailed and wholesaled more than 340,000 vehicles. During 2010, it offered approximately 40 vehicle brands. Each of its dealerships offer a range of new and used vehicles for sale. In December 2010, it acquired Fred Baker Porsche and Audi franchises in Bedford, Ohio.

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