Eastman Chemical Company (NYSE:EMN) traded today at a new 52-week high of $130.14. So far today approximately 499,000 shares have been exchanged, as compared to an average 30-day volume of 755,000 shares.
Eastman Chemical Company (NYSE:EMN) defies analysts with a current price ($129.42) 5.9% above its average consensus price target of $121.80.
In the past 52 weeks, shares of Eastman Chemical Company have traded between a low of $65.86 and a high of $130.14 and is now at $129.42, which is 97% above that low price.
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.
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