Eastman Chemical Co’s recent filing unveils that its SVP & CTO Killian Christopher Moore unloaded Company’s shares for reported $0.32 million on Nov 06 ’24. In the deal valued at $105.00 per share,3,061 shares were sold. As a result of this transaction, Killian Christopher Moore now holds 12,366 shares worth roughly $1.29 million.
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Then, Killian Christopher Moore bought 3,061 shares, generating $321,405 in total proceeds.
Before that, Holt Adrian James sold 1,975 shares. Eastman Chemical Co shares valued at $195,960 were divested by the SVP, Chf HR Ofcr at a price of $99.22 per share. As a result of the transaction, Holt Adrian James now holds 0 shares, worth roughly $0.0.
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 Monday, Eastman Chemical Co [NYSE:EMN] saw its stock jump 2.36% to $104.01. Over the last five days, the stock has gained 1.60%. Eastman Chemical Co shares have risen nearly 15.80% since the year began. Nevertheless, the stocks have risen 27.15% over the past one year. While a 52-week high of $114.50 was reached on 09/27/24, a 52-week low of $80.14 was recorded on 02/02/24. SMA at 50 days reached $106.18, while 200 days put it at $98.71.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 102.98, which if violated will result in even more drops to 101.94. On the upside, there is a resistance level at 104.58. A further resistance level may holdings at 105.14. The Relative Strength Index (RSI) on the 14-day chart is 50.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.10%. Stochastics %K at 45.29% indicates the stock is a holding.
How much short interest is there in Eastman Chemical Co?
A steep rise in short interest was recorded in Eastman Chemical Co stocks on 2024-10-31, dropping by -0.61 million shares to a total of 1.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.94 million shares. There was a decline of -46.21%, which implies that there is a negative sentiment for the stock.
