Overall market sentiment has been neutral on Eastman Chemical Co (EMN) stock lately. EMN receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Eastman Chemical Co has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on EMN!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With EMN Stock Today?
Eastman Chemical Co (EMN) stock is trading at $76.74 as of 11:22 AM on Thursday, Nov 9, a rise of $0.61, or 0.8% from the previous closing price of $76.13. The stock has traded between $76.33 and $77.05 so far today. Volume today is less active than usual. So far 475,648 shares have traded compared to average volume of 877,981 shares.
More About Eastman Chemical Co
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2021 revenues of approximately $10.5 billion and is headquartered in Kingsport, Tennessee, USA.
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