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Value Fund Dumps $10.1 Million Eastman Chemical Stake as Stock Slump Continues and EBIT Drops 43%
The Motley Fool· 2025-12-04 20:13
One fund’s decision to walk away from Eastman Chemical may illuminate what’s really driving the stock’s prolonged slide.New York City-based Atlantic Investment Management fully exited its position in Eastman Chemical Company (EMN 1.62%) in the third quarter, reducing holdings by 134,710 shares and approximately $10.1 million, according to its November 14 SEC filing.What HappenedAccording to its SEC filing dated November 14, New York City-based Atlantic Investment Management completely sold out of its positi ...