If history is any guide, there may be good fortune ahead for shares of Eastman Chemical (NYSE:EMN). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Guggenheim cut the price target on The Kraft Heinz Company (NASDAQ: KHC) from $46 to $33. Kraft Heinz shares fell 1.2% to $34.10 in pre-market trading.
Eastman Chemical Company (NYSE: EMN) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Barclays Bank PLC and Royal Bank of Canada to repurchase $500 million of Eastman's common stock.