Eastman Chemical Company (EMN) : During the past 4 weeks, traders have been relatively bearish on Eastman Chemical Company (EMN), hence the stock is down -6.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.21% relative to the S&P 500. The stock has risen by 0.21% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.6% in the past 4 weeks.
Eastman Chemical Company (NYSE:EMN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.13 and $65.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.37, notching a gain of 0.91% for the day. The total traded volume was 1,066,061 . The stock had closed at $64.78 on the previous day.
The stock has recorded a 20-day Moving Average of 5.81% and the 50-Day Moving Average is 7.02%. Eastman Chemical Co. has dropped 13.29% during the last 3-month period . Year-to-Date the stock performance stands at -1.9%.
Eastman Chemical Company (EMN) : The consensus price target for Eastman Chemical Company (EMN) is $76.5 for the short term with a standard deviation of $9.83. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $96, however, the pessimist price target for the company is $65.
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.