Eastman Chemical Co’s filing revealed that its CEO & Board Chair Costa Mark J unloaded Company’s shares for reported $1.92 million on Nov 29 ’24. In the deal valued at $105.00 per share,18,278 shares were sold. As a result of this transaction, Costa Mark J now holds 395,699 shares worth roughly $39.2 million.
Then, Holt Adrian James sold 3,683 shares, generating $386,273 in total proceeds. Upon selling the shares at $104.88, the SVP, Chf HR Ofcr now owns 0 shares.
Before that, Holt Adrian James bought 3,683 shares. Eastman Chemical Co shares valued at $386,273 were divested by the Officer at a price of $104.88 per share.
BofA Securities upgraded its Eastman Chemical Co [EMN] rating to a Buy from a a Neutral in a research note published on January 14, 2025; the price target was decreased to $109 from $115. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Wells Fargo also remained covering EMN and has increased its forecast on November 26, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on October 16, 2024. It rated EMN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EMN
On Monday, Eastman Chemical Co [NYSE:EMN] saw its stock fall -0.16% to $99.06. Over the last five days, the stock has lost -1.72%. Eastman Chemical Co shares have risen nearly 8.48% since the year began. Nevertheless, the stocks have risen 19.39% over the past one year. While a 52-week high of $114.50 was reached on 02/04/25, a 52-week low of $81.00 was recorded on 01/10/25. SMA at 50 days reached $95.40, while 200 days put it at $99.86.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 98.51, which if violated will result in even more drops to 97.95. On the upside, there is a resistance level at 99.74. A further resistance level may holdings at 100.41. The Relative Strength Index (RSI) on the 14-day chart is 60.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.77%. Stochastics %K at 74.69% 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 2025-01-15, dropping by -0.57 million shares to a total of 2.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.46 million shares. There was a decline of -19.87%, which implies that there is a negative sentiment for the stock.
