Eastman Chemical Co (EMN) Files Form 4 Insider Selling : Mark J Costa Sells 38,400 Shares

Eastman Chemical Co (EMN): Mark J Costa , Chief Executive Officer of Eastman Chemical Co sold 38,400 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $75.21 per share for a total value of $2,886,246.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Scott V. King (CAO & Controller) sold 12,000 shares at $75.47 per share price.On Feb 26, 2016, Ronald Carter Lindsay (Chief Operating Officer) sold 55,000 shares at $64.33 per share price.Also, On Feb 23, 2016, Michael P Connors (director) sold 8,000 shares at $62.92 per share price.On Feb 23, 2016, Mark J Costa (Chief Executive Officer) sold 56,000 shares at $63.22 per share price.

Eastman Chemical Company: On Tuesday, May 10, 2016 heightened volatility was witnessed in Eastman Chemical Company which led to swings in the share price. The shares opened for trading at $74.99 and hit $75.99 on the upside , eventually ending the session at $75.82, with a gain of 1.40% or 1.05 points. The heightened volatility saw the trading volume jump to 11,50,790 shares. The 52-week high of the share price is $83.9 and the company has a market cap of $11,209 M . The 52-week low of the share price is at $56.03.

Eastman Chemical Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Eastman Chemical Company is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $83 .The Rating was issued on May 2, 2016.Eastman Chemical Company is Downgraded by Credit Agricole to Underperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 2, 2016.Eastman Chemical Company is Reiterated by Jefferies to Buy and the brokerage firm has raised the Price Target to $ 88 from a previous price target of $85 .The Rating was issued on May 2, 2016.Eastman Chemical Company is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $75 .The Rating was issued on May 2, 2016.

Eastman Chemical Company (Eastman) is a specialty chemicals company that produces a range of advanced materials chemicals and fibers. The Company operates through five segments: Additives & Functional Products (AFP) Adhesives & Plasticizers (A&P) Advanced Materials (AM) Fibers and Specialty Fluids & Intermediates (SFI). The Company manufactures chemicals for products in the coatings and tires industries in transportation building and construction durable goods and consumables markets in the Additives & Functional Products segment. The Company’s A&P segment focuses on producing intermediate chemicals. The Company’s the AM segment produces and markets specialty copolyesters cellulose esters interlayers. In the Fibers segment Eastman manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers. The Company’s SFI segment offers products such as acetyl chemical intermediates olefin derivatives specialty fluids and alkylamines.

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