Eastman Chemical Co’s filing revealed that its SVP & Chf. Mfg. Ofc. Caveness Michelle H unloaded Company’s shares for reported $0.11 million on Mar 03 ’25. In the deal valued at $98.51 per share,1,147 shares were sold. As a result of this transaction, Caveness Michelle H now holds 1,167 shares worth roughly $0.1 million.
Then, Caveness Michelle H bought 1,147 shares, generating $112,991 in total proceeds.
Before that, Costa Mark J sold 4,834 shares. Eastman Chemical Co shares valued at $483,787 were divested by the CEO & Board Chair at a price of $100.08 per share. As a result of the transaction, Costa Mark J now holds 446,586 shares, worth roughly $39.61 million.
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 Friday, Eastman Chemical Co [NYSE:EMN] saw its stock fall -1.32% to $88.69. Over the last five days, the stock has lost -2.62%. Eastman Chemical Co shares have fallen nearly -2.88% since the year began. Nevertheless, the stocks have fallen -4.71% over the past one year. While a 52-week high of $114.50 was reached on 02/18/25, a 52-week low of $86.70 was recorded on 01/10/25. SMA at 50 days reached $95.56, while 200 days put it at $99.48.
Levels Of Support And Resistance For EMN Stock
The 24-hour chart illustrates a support level at 87.61, which if violated will result in even more drops to 86.54. On the upside, there is a resistance level at 89.57. A further resistance level may holdings at 90.46. The Relative Strength Index (RSI) on the 14-day chart is 32.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.82%. Stochastics %K at 10.37% indicates the stock is a buying.
How much short interest is there in Eastman Chemical Co?
A steep rise in short interest was recorded in Eastman Chemical Co stocks on 2025-02-28, dropping by 70261.0 shares to a total of 2.89 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.96 million shares. There was a decline of -2.43%, which implies that there is a negative sentiment for the stock.
