Eastman Chemical Co’s recently made public that its SVP, Chf HR Ofcr Holt Adrian James unloaded Company’s shares for reported $0.42 million on Mar 06 ’24. In the deal valued at $87.75 per share,4,735 shares were sold. As a result of this transaction, Holt Adrian James now holds 0 shares worth roughly $0.0.
Then, Costa Mark J sold 12,000 shares, generating $1,051,200 in total proceeds. Upon selling the shares at $87.60, the CEO & Board Chair now owns 395,699 shares.
Before that, Holt Adrian James sold 1,935 shares. Eastman Chemical Co shares valued at $165,713 were divested by the SVP, Chf HR Ofcr at a price of $85.64 per share. As a result of the transaction, Holt Adrian James now holds 0 shares, worth roughly $0.0.
Redburn Atlantic initiated its Eastman Chemical Co [EMN] rating to a Buy in a research note published on February 15, 2024; the price target was $110. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. JP Morgan also remained covering EMN and has increased its forecast on October 30, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on August 01, 2023. It rated EMN as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of EMN
On Monday, Eastman Chemical Co [NYSE:EMN] saw its stock jump 0.66% to $97.06. Over the last five days, the stock has lost -0.27%. Eastman Chemical Co shares have risen nearly 8.06% since the year began. Nevertheless, the stocks have risen 18.67% over the past one year. While a 52-week high of $102.71 was reached on 04/04/24, a 52-week low of $68.89 was recorded on 02/02/24. SMA at 50 days reached $92.59, while 200 days put it at $84.73. A total of 0.63 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 95.99, which if violated will result in even more drops to 94.92. On the upside, there is a resistance level at 97.95. A further resistance level may holdings at 98.84. The Relative Strength Index (RSI) on the 14-day chart is 52.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.94%. Stochastics %K at 16.53% indicates the stock is a buying.
The most recent change occurred on June 14, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $91 price target.
