Kingsport, Tennessee-based Eastman Chemical Company (EMN) is a global specialty materials company that produces a range of products found in everyday items. With a market cap of $9.5 billion, the company operates through Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers segments.
Shares of EMN have lagged behind the broader market over the past 52 weeks. EMN stock has tumbled 18.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 9.8%. Moreover, shares of EMN are down 10.8% on a YTD basis, compared to SPX’s marginal dip.
