The SVP & Chf Tech & Sustain Ofc. of Eastman Chemical is Exercising Options

By Carrie Williams

Yesterday it was reported that the SVP & Chf Tech & Sustain Ofc. of Eastman Chemical (EMNResearch Report), Stephen Glenn Crawford, exercised options to sell 13,695 EMN shares at $80.94 a share, for a total transaction value of $1.75M.

Following Stephen Glenn Crawford’s last EMN Sell transaction on November 16, 2020, the stock climbed by 30.8%. In addition to Stephen Glenn Crawford, 2 other EMN executives reported Sell trades in the last month.

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Based on Eastman Chemical’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.41 billion and quarterly net profit of $274 million. In comparison, last year the company earned revenue of $2.24 billion and had a net profit of $258 million. The company has a one-year high of $128.95 and a one-year low of $57.30. The Company has a Price to Book ratio of 370.68.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $132.64, reflecting a -5.5% downside.

The insider sentiment on Eastman Chemical has been negative according to 27 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Stephen Glenn Crawford’s trades have generated a -14.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Additives and Functional Products, Advanced Materials, Chemical Intermediates and Fibers. The Additives and Functional Products segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The Advanced Materials segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The Chemical Intermediates segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fiber segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.