Eastman Chemical ( (EMN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Eastman Chemical shares climbed after the company signaled improving business trends for the second quarter, including stronger volumes and a better product mix in Advanced Materials, plus wider spreads in Chemical Intermediates and higher specialty prices, despite about $45 million in planned maintenance costs. Management now projects adjusted Q2 earnings of $1.70 to $1.90 per share, and analysts, encouraged by the outlook, have raised their price targets slightly.
More about Eastman Chemical
YTD Price Performance: 15.89%
Average Trading Volume: 1,614,848
Technical Sentiment Signal: Hold
Current Market Cap: $8.36B
For further insights into EMN stock on TipRanks’ Stock Analysis page.
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