Are Insiders Tells True Story For PayPal Holdings Inc. (PYPL) and Eastman Chemical Company (EMN)?

On Oct 31, SCHULMAN DANIEL H, President and CEO exercised an option 15,000 shares of PayPal Holdings Inc. (NASDAQ: PYPL), with the average selling price of the stock being $37.71 per share. The total amount realized from this exercised an option $565,652. A document was filed with the Securities and Exchange Commission to notify the public about the exercised an option of the shares.

In addition to that, President and CEO – SCHULMAN DANIEL H sold an extra 30,000 shares of this stock in a transaction that took place a day before, on Oct 31, with a share sold at an average of $104.10 and a total of $3,122,893 was realized from this transaction. After the transaction, the President and CEO – SCHULMAN DANIEL H was left with 412,074 shares of the company’s stock, which is currently worth around $42896903.4.

The recent price movement of PYPL means that it is now down by -17.30% from its 52-week high and 33.13% up against its 52-week low prices. Over the past one week, the price volatility of PYPL stands at 1.99% while the volatility over the past one month is 2.36%. The beta score for this stock is 0.96. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/23/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.69 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.67 by 0.02. The revenue by the firm was 4.94B for the quarter.

The shares of PayPal Holdings Inc. (PYPL) dropped by -0.16%, leading to a loss of -$0.16 per share, and saw PYPL end the trading session at $100.47 on Thursday 11/07/19. PYPL started the trading session at $100.94, before reaching a daily high of $101.72. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $100.29.

The trading volume on Thursday stood at 9043093, which was below the stock’s 3-month average volume of 6.83 million shares, out of a total 1.16B shares. As the price of the stock dipped, the market valuation of the company dropped to 116.98 billion.

The shares of Eastman Chemical Company (NYSE: EMN) went up by 2.31% by the end of the recent trading session. This movement saw its price surge to close at $82.96, which was higher than the previous closing price of $81.09. Over the past one week, the price of EMN has jumped by 9.10%, while it has recorded a gain of 19.63% over the past one month. Its three-month performance saw EMN gain 23.09% while its six-month performance saw it surge by 9.47%. The situation is different though over the past one year, as the stock price went up by 0.29%, while its year-to-date (YTD) price performance jumped by 13.47%. The stock price has gone up by +35.51% compared to its 90-day low, while it is down -0.17% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 1,176,090 shares, with the short-term indicators averagely rating the stock as a 100% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,116,878 shares and the indicators have an average rating of Hold. The last indicators, the long-term see EMN stock with a 100-Day average volume of 1,098,365 shares, giving it an average rating of 50% Buy. A look at the general picture of all short, medium and long-term indicators leaves EMN with an average rating of 56% Buy.

Several brokerage firms sent out their reports EMN stock not long ago. In its report sent out on October 16, 2019, Wells Fargo lowered its ratings on EMN to a Outperform. In an earlier report on September 26, 2019, BofA/Merrill Initiated the stock to a Buy. Tudor Pickering meanwhile in its report on August 15, 2019 Upgrade its rating of the stock from a “Buy” to “Buy”.

In related news to the company’s stock, around 84.80% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 715 institutions currently hold the EMN stock. In the last quarter, a 115,055,510 EMN shares were in the possession of institutions. On the other hand, the company recorded 46 new institutions who bought it their stock, while 89 institutions sold their entire EMN reserve. Of the current institutions investing in the stock, 249 increased their investment while 350 decreased their investment in the stock.