Eastman Chemical Co’s recent filing unveils that 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 $2.97 million.
BofA Securities downgraded its Eastman Chemical Co [EMN] rating to a Neutral from a a Buy in a research note published on October 16, 2024; the price target was increased to $119 from $114. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Jefferies also remained covering EMN and has increased its forecast on April 29, 2024 with a “Buy” recommendation from previously “Hold” rating. Redburn Atlantic started covering the stock on February 15, 2024. It rated EMN as “a Buy”.
Price Performance Review of EMN
On Friday, Eastman Chemical Co [NYSE:EMN] saw its stock fall -3.82% to $101.08. Over the last five days, the stock has lost -4.13%. Eastman Chemical Co shares have risen nearly 12.54% since the year began. Nevertheless, the stocks have risen 35.73% over the past one year. While a 52-week high of $114.50 was reached on 09/27/24, a 52-week low of $72.87 was recorded on 02/02/24. SMA at 50 days reached $105.76, while 200 days put it at $97.78.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 99.21, which if violated will result in even more drops to 97.33. On the upside, there is a resistance level at 103.75. A further resistance level may holdings at 106.41. The Relative Strength Index (RSI) on the 14-day chart is 30.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.84%. Stochastics %K at 7.70% indicates the stock is a buying.
How much short interest is there in Eastman Chemical Co?
A steep rise in short interest was recorded in Eastman Chemical Co stocks on 2024-10-15, dropping by -0.7 million shares to a total of 1.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.3 million shares. There was a decline of -43.51%, which implies that there is a negative sentiment for the stock.
