Eastman Chemical Company (NYSE:EMN) traded at a new 52-week high today of $129.32. Approximately 149,000 shares have changed hands today, as compared to an average 30-day volume of 785,000 shares.
Eastman Chemical Company (NYSE:EMN) is currently priced 4.0% above its average consensus analyst price target of $123.90.
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.
Eastman Chemical Company share prices have moved between a 52-week high of $129.32 and a 52-week low of $57.30 and are now trading 125% above that low price at $129.08 per share.
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