Eastman Chemical Company (NYSE:EMN) : During the past 4 weeks, traders have been relatively bearish on Eastman Chemical Company (NYSE:EMN), hence the stock is down -7.5% 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 -0.74% relative to the S&P 500. The stock has risen by 0.53% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.01% in the past 4 weeks.
The company shares have dropped -12.00% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $80.39 and the one year low was seen on Jan 29, 2016. The 50-Day Moving Average price is $71.20 and the 200 Day Moving Average price is recorded at $69.44.
The stock has recorded a 20-day Moving Average of 1.69% and the 50-Day Moving Average is 5.33%.
Eastman Chemical Company (NYSE:EMN): stock turned positive on Friday. Though the stock opened at $67.92, the bulls momentum made the stock top out at $69.95 level for the day. The stock recorded a low of $67.77 and closed the trading day at $68.52, in the green by 2.28%. The total traded volume for the day was 1,334,688. The stock had closed at $66.99 in the previous days trading.
In an insider trading activity, The director officer (Chief Executive Officer), of Eastman Chemical Co, Costa Mark J had unloaded 38,400 shares at $75.21 per share in a transaction on May 9, 2016. The total value of transaction was $2,888,064. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.