In a filing, Eastman Chemical Co revealed its SVP, Chf HR Ofcr Holt Adrian James unloaded Company’s shares for reported $0.2 million on Jun 03 ’24. In the deal valued at $99.22 per share,1,975 shares were sold. As a result of this transaction, Holt Adrian James now holds 0 shares worth roughly $0.0.
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Then, LICH BRAD A sold 23,028 shares, generating $2,314,544 in total proceeds. Upon selling the shares at $100.51, the EVP & CCO now owns 68,793 shares.
Before that, RAISBECK DAVID W sold 13,500 shares. Eastman Chemical Co shares valued at $1,356,750 were divested by the Director at a price of $100.50 per share. As a result of the transaction, RAISBECK DAVID W now holds 29,357 shares, worth roughly $2.92 million.
UBS upgraded its Eastman Chemical Co [EMN] rating to a Buy from a a Neutral in a research note published on May 23, 2024; the price target was increased to $128 from $106. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late April from “a Hold” to “a Buy”. Redburn Atlantic began covering EMN with “Buy” recommendation on February 15, 2024. UBS revised its rating on November 02, 2023. It rated EMN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EMN
On Friday, Eastman Chemical Co [NYSE:EMN] saw its stock fall -2.98% to $99.51. Over the last five days, the stock has lost -3.67%. Eastman Chemical Co shares have risen nearly 10.79% since the year began. Nevertheless, the stocks have risen 21.40% over the past one year. While a 52-week high of $105.98 was reached on 06/12/24, a 52-week low of $68.89 was recorded on 02/02/24. SMA at 50 days reached $99.25, while 200 days put it at $87.47. A total of 0.75 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 98.50, which if violated will result in even more drops to 97.50. On the upside, there is a resistance level at 101.29. A further resistance level may holdings at 103.08. The Relative Strength Index (RSI) on the 14-day chart is 47.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 72.53%. Stochastics %K at 55.27% indicates the stock is a holding.
