The Eastman Chemical Company (EMN) has been outperforming its competitors, as per the compiled information from different sources. The company's shares hit a new 12-month high at $102.97 and have rallied 18% in the past six months. Various analysts recommend 'Moderate Buy' reflecting more confidence in its growth. The company has reported solid cash flow despite the macroeconomic challenges in 2023. The first-quarter 2024 financial results and Q4 and Full-year 2023 results have been announced. Interestingly, the EMN stock has been gaining due to its strategies of cost reduction and innovative approaches. It is also reported that Eastman's (EMN) molecular recycling plant has started production. Furthermore, 84% of Eastman Chemical's ownership goes to institutional investors, indicating significant support. Despite this positive news, the company has witnessed a few insider sales recently. The company has elected new directors showing changes in its internal structure.
Eastman Chemical Company EMN News Analytics from Tue, 05 Sep 2023 07:00:00 GMT to Sun, 09 Jun 2024 11:17:15 GMT -
Rating 8
- Innovation 3
- Rumor -6
