Eastman Chemical Co. (EMN) is Trading Lower on Unusual Volume for January 29

Equities Staff |

Eastman Chemical Co. (EMN) experienced unusually high volume on Jan. 29, as the stock lost 3.62% to a closing price of $60.78. The stock saw 4.47 million shares trade hands over the course of the day on 31,322 trades. Given that the stock’s average daily volume over the last month has been 1.18 million shares a day, this represents a pretty substantial spike over the norm.

Eastman Chemical Co. has a P/B ratio of 2.33. It also has a P/E ratio of 12.7. The stock has traded between $83.90 and $58.85 over the last 52-weeks, its 50-day SMA is now $67.13, and its 200-day SMA $72.10.

Eastman Chemical Co is a specialty chemical company which manufactures and sells a portfolio of chemicals, plastics and fibers. It has eleven manufacturing sites in seven countries that supply chemicals, plastics, and fibers products to customers.

Headquartered in Kingsport, TN, Eastman Chemical Co. has 15,000 employees and is currently under the leadership of CEO Mark J. Costa.

For a complete fundamental analysis analysis of Eastman Chemical Co., check out Equities.com’s Stock Valuation Analysis report for EMN. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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

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