NEW YORK (

TheStreet

) --

Eastman Chemical Company

(NYSE:

EMN

) is trading at unusually high volume Friday with 6.5 million shares changing hands. It is currently at four times its average daily volume and trading up $2.88 (+6.1%) at $50 as of 10:45 a.m. ET.

Eastman Chemical has a market cap of $6.49 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 20.6% year to date as of the close of trading on Thursday.

Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. The company has a P/E ratio of 11.8, above the average chemicals industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Eastman Chemical as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, notable return on equity, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Eastman Chemical Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center

.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting

HVUP

to 95370 or select from

multiple alert options

.

null