Opal Wealth Advisors LLC has invested $132,000 in
Eastman Chemical (NYSE: EMN). EMN's stock price has displayed both performance and underperformance compared to the market throughout the week. EMN recently announced its second-quarter 2024 financial results. However,
Gateway Investment Advisers LLC has sold 8,040 shares of EMN, while
Park Avenue Securities LLC and
Cetera Advisors LLC have bought 305 and undisclosed amounts of shares respectively. Assessments suggest that EMN shares could be 33% below their intrinsic value estimate. Despite beating Q2 earnings estimates, sales fell short of expectations. EMN's strong fundamentals could be influencing its decent stock performance, and the company's shares are matching sentiments around its earnings. Q3 2024 EPS estimates for EMN have been lowered by Zacks Research. The stock rallied 18% in the past 6 months due to solid cash flow amidst macroeconomic challenges in 2023. The company has been developing chemical recycling technologies and it announced a cash tender offer to purchase up to $250 million of its outstanding 3.800% notes due 2025.
Willie McLain, Eastman's CFO, is set to address the Deutsche Bank Conference, while Eastman's CEO
Mark Costa will be addressing the Barclays Industrial Select Conference.
Eastman Chemical Company EMN News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 15:38:46 GMT -
