Large Inflow of Money Witnessed in Eastman Chemical Company

Eastman Chemical Company (NYSE:EMN) dropped slightly amid mild profit booking and the last known price was $71.47 per share. The price decreased by -0.5 points or -0.69% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $1.34 million. The total upticks were valued at $3.56 million and the total downticks aggregated to $2.22 million, thereby putting the up/down ratio at 1.6,. The shares have seen a change in the share price of 0.11% on a weekly basis.In a big block trade which occurred today, the total uptick value was $1.04 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $1.04 million.


The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 2.51%. The company shares have dropped 13.29% in the past 52 Weeks. On June 26, 2015 The shares registered one year high of $83.9 and one year low was seen on January 29, 2016 at $56.03. The 50-day moving average is $73.78 and the 200 day moving average is recorded at $69.47. S&P 500 has rallied 1.93% during the last 52-weeks.

Eastman Chemical Company (NYSE:EMN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.21 and $71.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.07, notching a gain of 0.14% for the day. The total traded volume was 1,146,116 . The stock had closed at $71.97 on the previous day.

Currently the company Insiders own 1.1% of Eastman Chemical Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.41% . Institutional Investors own 85.19% of Eastman Chemical Company shares. During last six month period, the net percent change held by insiders has seen a change of -22.41%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Costa Mark J, director officer (Chief Executive Officer) of Eastman Chemical Co, had unloaded 38,400 shares at an average price of $75.21 in a transaction dated on May 9, 2016. The total value of the transaction was worth $2,888,064.

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 Companys A&P segment focuses on producing intermediate chemicals. The Companys 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 Companys SFI segment offers products, such as acetyl chemical intermediates, olefin derivatives, specialty fluids, and alkylamines.

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