In a filing, Eastman Chemical Co revealed its EVP & CCO LICH BRAD A unloaded Company’s shares for reported $3.77 million on Dec 02 ’24. In the deal valued at $104.06 per share,36,277 shares were sold. As a result of this transaction, LICH BRAD A now holds 68,793 shares worth roughly $7.17 million.
Then, LICH BRAD A sold 100 shares, generating $10,500 in total proceeds. Upon selling the shares at $105.00, the EVP & CCO now owns 68,793 shares.
Before that, CRAWFORD STEPHEN GLENN sold 9,695 shares. Eastman Chemical Co shares valued at $1,027,670 were divested by the EVP, Manf. & Chf Sustain Ofcr at a price of $106.00 per share. As a result of the transaction, CRAWFORD STEPHEN GLENN now holds 47,287 shares, worth roughly $4.93 million.
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 Monday, Eastman Chemical Co [NYSE:EMN] saw its stock fall -0.43% to $104.27. Over the last five days, the stock has lost -1.25%. Eastman Chemical Co shares have risen nearly 16.09% since the year began. Nevertheless, the stocks have risen 24.38% 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 $106.25, while 200 days put it at $99.65.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 103.38, which if violated will result in even more drops to 102.48. On the upside, there is a resistance level at 105.19. A further resistance level may holdings at 106.11. The Relative Strength Index (RSI) on the 14-day chart is 50.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.71%. Stochastics %K at 58.14% 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 2024-11-15, 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.
