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Olin faces securities fraud probe after plant shutdown cuts earnings and stock drops 16.5%

Market News
13 Aug 2026
PRNewsWire
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Bearish
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Olin Corporation is under investigation by Pomerantz LLP for possible securities fraud following a significant earnings hit from an unplanned shutdown of its vinyl chloride monomer plant in Texas. The disruption reduced Olin's adjusted EBITDA by $40 million in Q2 2026 and is expected to impact Q3 by $20 million. This news caused Olin's stock to fall 16.51% on July 31, 2026. Investors affected by this may join a class action lawsuit as the investigation explores potential unlawful business practices by Olin's management.

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Rubrik director Yvonne Wassenaar sold 721 shares at $75 before stock rally began.

Rubrik director Yvonne Wassenaar sold 721 shares at $75 before stock rally began.

Yvonne Wassenaar, a director at Rubrik, sold 721 shares at a price of $75 each just before the company's stock experienced a significant rally. This sale occurred ahead of the stock's upward movement, which may be of interest to investors tracking in...

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MidCap Financial Investment faces NAV decline and portfolio shrinkage, maintaining a sell rating despite steady dividends.

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MidCap Financial Investment (MFIC) continues to experience a decline in its net asset value (NAV) and a shrinking portfolio, with total assets dropping from $3.46 billion to $2.86 billion year-over-year. Although MFIC maintains a stable dividend yiel...

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Intuitive Machines and Virgin Galactic shares jump 10% on strong backlog and recovery after delays.

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Shares of Intuitive Machines surged 10% despite missing Q2 revenue and earnings estimates, driven by a record backlog of $1.8 billion and strong bookings. Virgin Galactic also gained 10% after bouncing back from a recent 8% drop caused by a delay in ...

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StablecoinX holds 20% of Ethena's ENA tokens after SPAC merger, becoming largest single holder.

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StablecoinX, a Nasdaq-listed treasury company formed via a SPAC merger in June 2026, now holds about 3.029 billion ENA tokens, roughly 20% of Ethena's total 15 billion supply. This makes StablecoinX the largest single holder of ENA outside the protoc...

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