Keeping an Eye on Huntsman Corporation (HUN) After Insider Trading Activity


Huntsman Corporation’s filing revealed that its Exec VP, GC and Sec STRYKER DAVID M acquired Company’s shares for reported $61250.0 on Jun 02. In the deal valued at $24.50 per share,2,500 shares were bought. As a result of this transaction, STRYKER DAVID M now holds 385,502 shares worth roughly $ 10.84 million.

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Citigroup initiated its Huntsman Corporation [HUN] rating to a Neutral in a research note published on Friday, June 14, 2023; the price target was $27. PT values the company’s stock at a premium of -4.11 to its Friday closing price.

Price Performance Review of HUN

On Friday, Huntsman Corporation [NYSE:HUN] saw its stock jump 0.86% to $28.11. On the same session, the stock had its day’s lowest price of $27.97, but rose to a high of $28.36. Over the last five days, the stock has gained 3.57%. Huntsman Corporation shares have risen nearly 2.29% since the year began. Nevertheless, the stocks have risen 0.32% over the past one year. While a 52-week high of $33.46 was reached on 02/02/23, a 52-week low of $23.52 was recorded on 06/01/23. SMA at 50 days reached $27.77, while 200 days put it at $27.88. A total of 1.65 million shares were traded, compared to the trading of 1.65 million shares in the previous session.

Levels Of Support And Resistance For HUN Stock

The 24-hour chart illustrates a support level at 27.93, which if violated will result in even more drops to 27.76. On the upside, there is a resistance level at 28.32. A further resistance level may holdings at 28.54. The Relative Strength Index (RSI) on the 14-day chart is 56.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.51%. Stochastics %K at 78.92% indicates the stock is a holding.

How much short interest is there in Huntsman Corporation?

A steep rise in short interest was recorded in Huntsman Corporation stocks on Aug 14, 2023, dropping by -0.65 million shares to a total of 3.21 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.86 million shares. There was a decline of -20.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.87.

Huntsman Corporation [HUN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,399,173 shares, or roughly 9.60% of the outstanding HUN shares. In other words, the investor’s shares have fallen by -1,127,625 from its previous 13-F filing of 18526798.0. Additionally, BlackRock Fund Advisors decreased -3.87% of its stake after which the total value it holdings stand at $335,519,689, while Dimensional Fund Advisors LP added 1.11% of its stake to hold $285.99 million in the firm. Over the last quarter, LSV Asset Management sold -196,090 shares of Huntsman Corporation, while Fidelity Management & Research Co sold 294,910 shares. At present, Allspring Global Investments LLC is holding 6,288,100 shares valued at $187.2 million. 1919 Investment Counsel LLC owned 5,516,135 shares of the company at the time of its most recent 13F filing, worth $164.22 million.

According to FactSet, Huntsman Corporation’s share price will average $29.47 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.64 percent from its previous closing price of $27.87. Analysts expect Huntsman Corporation stock to reach the higher price of $34.00, while the lowest price estimate is $25.00. However, 20 analysts have rated HUN stock as a Hold in their predictions for 2023.


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