Eastman Chemical Co (EMN)

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Eastman Chemical Co (EMN) Profile

Eastman Chemical is a global speciality materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2020 revenues of approximately $8.5 billion and is headquartered in Kingsport, Tennessee, USA.

Eastman Chemical Co (EMN.xnys) Analysis; With a market capitalization of US$16b, Eastman Chemical is rather large. We'd expect to see institutional investors on the register. Companies of this size are usually well known to retail investors, too. In the chart below, we can see that institutional investors have bought into the company.

Eastman Chemical Co (EMN.xnys) News KINGSPORT, Tenn., Dec. 6, 2021 – Eastman Chemical Company (NYSE: EMN) announced that it has entered into an accelerated stock repurchase (ASR) agreement with Barclays Bank PLC and Royal Bank of Canada to repurchase $500 million of Eastman's common stock. The ASR is in addition to previously planned repurchases, and the company is now targeting $1 billion of repurchases in 2021.

Eastman also announced that its Board of Directors has increased the Company's share repurchase authorization by $2.5 billion.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
10:00 - 18:30
Mon
10:00 - 18:30
Tue
10:00 - 18:30
Wed
10:00 - 18:30
Thu
10:00 - 18:30
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 555

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