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 $112,991 were sold by Caveness Michelle H on Mar 03 ’25. At $98.51 per share, Caveness Michelle H sold 1,147 shares. The insider’s holdings dropped to 1,167 shares worth approximately $0.11 million following the completion of this transaction.
Also, Caveness Michelle H purchased 1,147 shares, netting a total of over 112,991 in proceeds.
Before that, Costa Mark J had sold 4,834 shares from its account. In a trade valued at $483,787, the CEO & Board Chair traded Eastman Chemical Co shares for $100.08 each. Upon closing the transaction, the insider’s holdings decreased to 4,834 shares, worth approximately $43.64 million.
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 -0.47%. Over the course of the year, Eastman Chemical Co shares have jumped approximately 7.02%. 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 $94.97, while a 200-day SMA reached $99.91.
Support And Resistance Levels for Eastman Chemical Co (EMN)
According to the 24-hour chart, there is a support level at 94.82, which, if violated, would cause prices to drop to 91.91. In the upper region, resistance lies at 99.43. The next price resistance is at 101.13. RSI (Relative Strength Index) is 50.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.61, which suggests the price will decrease in the coming days. Percent R is at 52.30%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
