The CAO & Controller of Eastman Chemical is Exercising Options


Today it was reported that the CAO & Controller of Eastman Chemical (NYSE: EMN), Scott V. King, exercised options to sell 16,192 EMN shares at $70.04 a share, for a total transaction value of $1.64M.

Following Scott V. King’s last EMN Sell transaction on March 02, 2018, the stock climbed by 2.1%. In addition to Scott V. King, 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 June 30, the company posted quarterly revenue of $2.61 billion and quarterly net profit of $344 million. In comparison, last year the company earned revenue of $2.41 billion and had a net profit of $292 million. EMN’s market cap is $14.38B and the company has a P/E ratio of 9.58. Currently, Eastman Chemical has an average volume of 3.

The insider sentiment on Eastman Chemical has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.

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