Large Outflow of Money Witnessed in Eastman Chemical Company

Eastman Chemical Company (EMN) traded on a positive note gaining 0.8 points or 1.03% to be valued at $78.3 per share. Intraday, the shares aggregated $17.32 million in upticks but saw an exodus of $24.49 million in downticks. The net money flow was calculated to be $(-7.18) million with the final up/down ratio coming in at 0.71. The share price has seen a change of 0.77% in value during the week. Block trade of up/down ratio of 0.12 was also registered with $0.95 million in upticks and $8.18 million in downticks. The net money flow for the block exchange was disappointing at $(-7.22) Million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Eastman Chemical Company has dropped 1.37% in the last five trading days, however, the shares have posted positive gains of 4.11% in the last 4 weeks. Eastman Chemical Company is up 9.61% in the last 3-month period. Year-to-Date the stock performance stands at 4.11%. Eastman Chemical Company (NYSE:EMN) rose 1.03% or 0.8 points on Wednesday and made its way into the gainers of the day. After trading began at $77.8 the stock was seen hitting $78.58 as a peak level and $77.56 as the lowest level. The stock ended up at $78.3. The daily volume was measured at 1,377,713 shares. The 52-week high of the share price is $80.48 and the 52-week low is $57. The company has a market cap of $11,491 million.

Company has reported several Insider transactions to the SEC, on Dec 7, 2016, Stephen R Demeritt (director) sold 4,000 shares at 75.81 per share price.On Nov 18, 2016, Renee J Hornbaker (director) sold 4,000 shares at 74.30 per share price.On Nov 18, 2016, Lucian Boldea (Senior Vice President) sold 694 shares at 74.50 per share price.

Eastman Chemical Company Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.50. The company had revenue of $2188.00 million for the quarter, compared to analysts expectations of $2141.08 million. The companys revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.59 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 30, 2017 to Equal Weight, Raises Price Target to $ 85 from a previous price target of $80 .Eastman Chemical Company was Downgraded by Standpoint Research to Hold on Jan 24, 2017. Company shares were Reiterated by Cowen on Dec 23, 2016 to Outperform, Raises Price Target to $ 88 from a previous price target of $80 .

Eastman Chemical Company is a global chemical company with a broad portfolio of chemical, plastic, and fiber products. The company manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.


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