Eastman Chemical Reaches New 52-Week High (EMN)

Eastman Chemical Company (NYSE:EMN) hit a new 52-week high Wednesday as it is currently trading at $75.19, above its previous 52-week high of $75.18 with 1.1 million shares traded as of 2:25 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Eastman Chemical Company

(NYSE:

EMN

) hit a new 52-week high Wednesday as it is currently trading at $75.19, above its previous 52-week high of $75.18 with 1.1 million shares traded as of 2:25 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Eastman Chemical has a market cap of $11.49 billion and is part of the basic materials sector and chemicals industry. Shares are up 8.1% year to date as of the close of trading on Tuesday.

Eastman Chemical Company, a specialty chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally.

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TheStreet Ratings rates

Eastman Chemical

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full

Eastman Chemical Ratings Report

.

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