Eastman Chemical Co (EMN) Files Form 4 Insider Selling : Scott V. King Sells 12,000 Shares

Eastman Chemical Co (EMN): Scott V. King , CAO & Controller of Eastman Chemical Co sold 12,000 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $75.47 per share for a total value of $905,720.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 26, 2016, Ronald Carter Lindsay (Chief Operating Officer) sold 55,000 shares at $64.33 per share price.On Feb 23, 2016, Michael P Connors (director) sold 8,000 shares at $62.92 per share price.Also, On Feb 23, 2016, Mark J Costa (Chief Executive Officer) sold 56,000 shares at $63.22 per share price.On Aug 28, 2015, Gary E Anderson (director) purchased 1,000 shares at $70.09 per share price.

Shares of Eastman Chemical Company (EMN) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -0.32% at $75.95 with 11,10,854 shares getting traded. Post opening the session at $75.7, the shares hit an intraday low of $75.26 and an intraday high of $77.13 and the price vacillated in this range throughout the day. The company has a market cap of $11,226 M and the number of outstanding shares has been calculated to be 14,78,12,790 shares. The 52-week high of Eastman Chemical Company is $83.9 and the 52-week low is $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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