Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Huntsman Corp shares valued at $432,730 were purchased by Beckerle Mary C on Nov 06 ’24. At $21.42 per share, Beckerle Mary C acquired 20,201 shares.
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Also, STRYKER DAVID M purchased 2,500 shares, netting a total of over 50,273 in proceeds. Following the buying of shares at $20.11 each, the insider now holds 424,579 shares.
As published in a research note from JP Morgan on June 07, 2024, Huntsman Corp [HUN] has been rated up from an Underweight to an Overweight and the price target has been revised to $27 from $22. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late February. As of December 11, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for HUN. Earlier on October 18, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for HUN stock which previously was a “an Underperform”.
Analyzing HUN Stock Performance
During the last five days, there has been a drop of approximately -6.58%. Over the course of the year, Huntsman Corp shares have dropped approximately -16.91%. Shares of the company reached a 52-week high of $27.01 on 03/07/24 and a 52-week low of $19.90 on 11/05/24. A 50-day SMA is recorded $22.72, while a 200-day SMA reached $23.64. Nevertheless, trading volume fell to 3.73 million shares from 4.22 million shares the previous day.
Support And Resistance Levels for Huntsman Corp (HUN)
According to the 24-hour chart, there is a support level at 20.61, which, if violated, would cause prices to drop to 20.33. In the upper region, resistance lies at 21.40. The next price resistance is at 21.91. RSI (Relative Strength Index) is 28.76 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 74.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
