The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Eastman Chemical Co shares valued at $321,405 were sold by Killian Christopher Moore on Nov 06 ’24. At $105.00 per share, Killian Christopher Moore sold 3,061 shares. The insider’s holdings dropped to 12,366 shares worth approximately $1.25 million following the completion of this transaction.
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Also, Killian Christopher Moore purchased 3,061 shares, netting a total of over 321,405 in proceeds.
Before that, Holt Adrian James had sold 1,975 shares from its account. In a trade valued at $195,960, the SVP, Chf HR Ofcr traded Eastman Chemical Co shares for $99.22 each. Upon closing the transaction, the insider’s holdings decreased to 1,975 shares, worth approximately $0.0.
As published in a research note from BofA Securities on October 16, 2024, Eastman Chemical Co [EMN] has been rated down from a Buy to a Neutral and the price target has been revised to $119 from $114. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of April 29, 2024, Jefferies has increased its “Hold” rating to a “Buy” for EMN. Earlier on February 15, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Buy” for EMN stock.
Analyzing EMN Stock Performance
During the last five days, there has been a drop of approximately -2.81%. Over the course of the year, Eastman Chemical Co shares have jumped approximately 12.19%. Shares of the company reached a 52-week high of $114.50 on 09/27/24 and a 52-week low of $80.71 on 02/02/24. A 50-day SMA is recorded $105.92, while a 200-day SMA reached $98.43. Nevertheless, trading volume fell to 0.83 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for Eastman Chemical Co (EMN)
According to the 24-hour chart, there is a support level at 100.14, which, if violated, would cause prices to drop to 99.51. In the upper region, resistance lies at 101.77. The next price resistance is at 102.77. RSI (Relative Strength Index) is 38.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.75, which suggests the price will decrease in the coming days. Percent R is at 70.62%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
