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Strength Seen in Eastman Chemical (EMN): Stock Jumps 7%
Eastman Chemical Co. (EMN - Free Report) was a big mover last session, as the company saw its shares rise 7% on the day. Shares gained after the company reported better-than-expected bottom-line results for the third quarter of 2016. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 14% since Oct 13.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate, however, moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Eastman Chemical currently carries a Zacks Rank #3 (Hold).
EASTMAN CHEM CO Price
EASTMAN CHEM CO Price | EASTMAN CHEM CO Quote
A better-ranked stock in the same industry is Koppers Holdings Inc. (KOP - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is EMN going up? Or down? Predict to see what others think: Up or Down
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