SPY424.48-0.78 -0.18%
DIA343.41-0.89 -0.26%
IXIC14,072.86-101.29 -0.71%

Insider Selling at Eastman Chemical (EMN) is Significant

05/07/2021 18:35

10:19 PM EDT, 05/07/2021 (MT Newswires) -- A filing with the SEC today disclosed a significant insider sale of Eastman Chemical shares as -- Perry Stuckey, Officer -- disposed of 8,487 shares in the company having a market value of approximately $1,011,990. This is the first insider buy/sell trade in the past 90 days.

The level of buy-sell trades at Eastman Chemical is close to that of the 38 member peer company average. The Commodity Chemicals peer group saw 30 buy/sell trades during this period for an average of 0.8 transactions per company. However, trading at Eastman Chemical represents a lower number of shares per transaction. Within the peer group there were 167,773 shares purchased and 18,001,286 shares sold with company insiders selling 594,450 shares on average over this time period.

The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.