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Examining the Potential Price Growth of Huntsman Corp (HUN)

In a filing, Huntsman Corp revealed its Director Beckerle Mary C unloaded Company’s shares for reported $0.43 million on Nov 06 ’24. In the deal valued at $21.42 per share,20,201 shares were sold. As a result of this transaction, Beckerle Mary C now holds 0 shares worth roughly $0.0.

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Then, Beckerle Mary C bought 20,201 shares, generating $432,730 in total proceeds.

Before that, STRYKER DAVID M bought 2,500 shares. Huntsman Corp shares valued at $50,273 were divested by the Exec VP, GC and Sec at a price of $20.11 per share. As a result of the transaction, STRYKER DAVID M now holds 424,579 shares, worth roughly $8.22 million.

JP Morgan upgraded its Huntsman Corp [HUN] rating to an Overweight from a an Underweight in a research note published on June 07, 2024; the price target was increased to $27 from $22. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late February from “an Equal weight” to “an Overweight”. Morgan Stanley also remained covering HUN and has decreased its forecast on December 11, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on October 18, 2023. It rated HUN as “a Buy” which previously was an “an Underperform”.

Price Performance Review of HUN

On Tuesday, Huntsman Corp [NYSE:HUN] saw its stock fall -0.62% to $19.35. Over the last five days, the stock has lost -0.72%. Huntsman Corp shares have fallen nearly -23.00% since the year began. Nevertheless, the stocks have fallen -22.44% over the past one year. While a 52-week high of $27.01 was reached on 03/07/24, a 52-week low of $19.14 was recorded on 11/14/24. SMA at 50 days reached $22.38, while 200 days put it at $23.43.

Levels Of Support And Resistance For HUN Stock

The 24-hour chart illustrates a support level at 19.16, which if violated will result in even more drops to 18.98. On the upside, there is a resistance level at 19.52. A further resistance level may holdings at 19.69. The Relative Strength Index (RSI) on the 14-day chart is 26.69, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.65%. Stochastics %K at 9.07% indicates the stock is a buying.

How much short interest is there in Huntsman Corp?

A steep rise in short interest was recorded in Huntsman Corp stocks on 2024-10-31, dropping by -1.53 million shares to a total of 3.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.03 million shares. There was a decline of -43.85%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 14, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $27 price target.

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