Eastman Chemical Company (EMN) Dips 2.51% for October 08

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday October 08 was Eastman Chemical Company (EMN). The stock experienced a 2.51% decline to $68.64 with 1.01 million shares changing hands.

Eastman Chemical Company started at an opening price of 69.84 and hit a high of $69.84 and a low of $68.64. Ultimately, the stock took a hit and finished the day at $1.77 per share. Eastman Chemical Company trades an average of n/a shares a day out of a total 136.99 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Eastman Chemical Company hit a high of $92.14 and a low of $61.22 over the last year.

Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global producer of chemicals, plastics, and fibers with manufacturing sites in seven countries. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

With its headquarters located in Kingsport, TN, Eastman Chemical Company employs 14,500 people. After today’s trading, the company’s market cap has fallen to $9.4 billion, a P/S of n/a, a P/B of 1.6, and a P/FCF of n/a.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Eastman Chemical Company and to follow the company’s latest updates, you can visit the company’s profile page here: EMN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

Blockchain in Fintech - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Financial Market Infrastructure