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 5.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.47%, 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 1.98% in the last 1 week, and is up 4.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.37% and the 50-Day Moving Average is 1.13%.The 200 Day SMA reached 0.15%. Eastman Chemical Co. has dropped 6.63% during the last 3-month period . Year-to-Date the stock performance stands at 2.91%.
Eastman Chemical Company (NYSE:EMN): After opening at $68.23, the stock dipped to an intraday low of $68.23 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.8 and the buying power remained strong till the end. The stock closed at $68.58 for the day, a gain of 1.20% for the day session. The total traded volume was 943,308. The stocks close on the previous trading day was $67.77.
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.