Eastman Chemical Company (EMN) Shares are Up 3.58%

Eastman Chemical Company (EMN) has been under a strong bear grip, hence the stock is down -0.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.41% in the past 1 week. The stock has risen by 3.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.31% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.34% and the 50-Day Moving Average is 2.37%.The 200 Day SMA reached 0.26%

Eastman

Eastman Chemical Company (NYSE:EMN): After opening at $66.86, the stock dipped to an intraday low of $66.755 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.095 and the buying power remained strong till the end. The stock closed at $67.68 for the day, a gain of 1.96% for the day session. The total traded volume was 1,685,984. The stocks close on the previous trading day was $67.68.

Eastman Chemical Company (EMN) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $88 and the lowest price target forecast is $65. The average forecast of all the analysts is $74.91 and the expected standard deviation is $6.91.

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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