Eastman Chemical Co’s recently made public that its Officer CRAWFORD STEPHEN GLENN acquired Company’s shares for reported $1.1 million on Nov 26 ’24. In the deal valued at $105.00 per share,10,504 shares were bought.
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Then, Costa Mark J bought 89,732 shares, generating $9,424,319 in total proceeds.
Before that, McAlindon Julie A. bought 4,456 shares. Eastman Chemical Co shares valued at $471,623 were divested by the Officer at a price of $105.84 per share.
Wells Fargo upgraded its Eastman Chemical Co [EMN] rating to an Overweight from a an Equal weight in a research note published on November 26, 2024; the price target was increased to $125 from $110. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Neutral”. UBS also remained covering EMN and has increased its forecast on May 23, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on April 29, 2024. It rated EMN as “a Buy” which previously was an “a Hold”.
Price Performance Review of EMN
On Tuesday, Eastman Chemical Co [NYSE:EMN] saw its stock fall -0.82% to $104.97. Over the last five days, the stock has gained 3.59%. Eastman Chemical Co shares have risen nearly 16.87% since the year began. Nevertheless, the stocks have risen 28.06% over the past one year. While a 52-week high of $114.50 was reached on 09/27/24, a 52-week low of $80.71 was recorded on 02/02/24. SMA at 50 days reached $106.41, while 200 days put it at $99.33.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 104.15, which if violated will result in even more drops to 103.33. On the upside, there is a resistance level at 105.99. A further resistance level may holdings at 107.02. The Relative Strength Index (RSI) on the 14-day chart is 53.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.24%. Stochastics %K at 80.01% indicates the stock is a selling.
How much short interest is there in Eastman Chemical Co?
A steep rise in short interest was recorded in Eastman Chemical Co stocks on 2024-11-15, growing by 0.46 million shares to a total of 2.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.6 million shares. There was a rise of 22.2%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 15, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $110 price target.
