Overall market sentiment has been high on Eastman Chemical Company (EMN) stock lately. EMN receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With EMN Stock Today?
Eastman Chemical Company (EMN) stock has fallen -2.3% while the S&P 500 has risen 0.23% as of 11:35 AM on Wednesday, Jan 13. EMN is down -$2.53 from the previous closing price of $110.16 on volume of 321,922 shares. Over the past year the S&P 500 has gained 15.87% while EMN has risen 41.27%. EMN earned $3.46 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 31.13.
More About Eastman Chemical Company
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals with manufacturing sites around the world. 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.