Eastman Chemical Company (EMN) Shares are Up 1.36%

Eastman Chemical Company (EMN) : Traders are bullish on Eastman Chemical Company (EMN) as it has outperformed the S&P 500 by a wide margin of 3.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.36% in the last 1 week, and is up 3.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.53% and the fifty day Moving Average is 1.4%. Eastman Chemical Co. has dropped 8.25% during the last three month period . Year-to-Date the stock performance stands at 0.92%.

Eastman Chemical Company (EMN) : Currently there are 10 street experts covering Eastman Chemical Company (EMN) stock. The most bullish and bearish price target for the stock is $88 and $65 respectively for the short term. The average price target of all the analysts comes to $74.9. The estimated standard deviation from the target is $7.28.


Eastman Chemical Company (NYSE:EMN): On Fridays trading session , Opening price of the stock was $68.01 with an intraday high of $68.64. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $66.94. However, the stock managed to close at $67.25, a loss of 0.72% for the day. On the previous day, the stock had closed at $67.74. The total traded volume of the day was 1,088,180 shares.

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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