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 $206,104 were purchased by Holt Adrian James on Feb 20 ’25. At $101.18 per share, Holt Adrian James acquired 2,037 shares.
Also, Costa Mark J sold 18,278 shares, netting a total of over 1,919,190 in proceeds. Following the sale of shares at $105.00 each, the insider now holds 395,699 shares.
Before that, Holt Adrian James had sold 3,683 shares from its account. In a trade valued at $386,273, the SVP, Chf HR Ofcr traded Eastman Chemical Co shares for $104.88 each. Upon closing the transaction, the insider’s holdings decreased to 3,683 shares, worth approximately $0.0.
As published in a research note from BofA Securities on January 14, 2025, Eastman Chemical Co [EMN] has been rated up from a Neutral to a Buy and the price target has been revised to $109 from $115. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of November 26, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for EMN. Earlier on October 16, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for EMN stock which previously was a “a Buy”.
Analyzing EMN Stock Performance
During the last five days, there has been a drop of approximately -0.71%. Over the course of the year, Eastman Chemical Co shares have jumped approximately 10.12%. Shares of the company reached a 52-week high of $103.82 on 02/18/25 and a 52-week low of $86.70 on 01/10/25. A 50-day SMA is recorded $95.11, while a 200-day SMA reached $100.05. Nevertheless, trading volume fell to 0.68 million shares from 0.98 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 99.69, which, if violated, would cause prices to drop to 98.82. In the upper region, resistance lies at 101.62. The next price resistance is at 102.68. RSI (Relative Strength Index) is 57.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 44.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
