In a filing, Eastman Chemical Co revealed 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.
Jefferies upgraded its Eastman Chemical Co [EMN] rating to a Buy from a a Hold in a research note published on April 29, 2024; the price target was increased to $125 from $102. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in mid February with a ‘”a Buy”‘ rating. UBS also remained covering EMN and has decreased its forecast on November 02, 2023 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on October 30, 2023. It rated EMN as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of EMN
On Monday, Eastman Chemical Co [NYSE:EMN] saw its stock jump 1.28% to $98.75. Over the last five days, the stock has gained 1.45%. Eastman Chemical Co shares have risen nearly 9.94% since the year began. Nevertheless, the stocks have risen 25.25% 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 $94.98, while 200 days put it at $85.20. A total of 0.61 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 98.11, which if violated will result in even more drops to 97.48. On the upside, there is a resistance level at 99.07. A further resistance level may holdings at 99.40. The Relative Strength Index (RSI) on the 14-day chart is 58.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.80%. Stochastics %K at 63.42% indicates the stock is a holding.
