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A company insider recently sold 20,201 shares of Huntsman Corp [HUN]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Huntsman Corp shares valued at $432,726 were sold by Beckerle Mary C on Nov 06 ’24. At $21.42 per share, Beckerle Mary C sold 20,201 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Beckerle Mary C purchased 20,201 shares, netting a total of over 432,730 in proceeds.

Before that, STRYKER DAVID M had added 2,500 shares to its account. In a trade valued at $50,273, the Exec VP, GC and Sec bought Huntsman Corp shares for $20.11 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $7.65 million.

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 -1.58%. Over the course of the year, Huntsman Corp shares have dropped approximately -28.33%. Shares of the company reached a 52-week high of $27.01 on 03/07/24 and a 52-week low of $17.67 on 12/19/24. A 50-day SMA is recorded $20.37, while a 200-day SMA reached $22.70. Nevertheless, trading volume fell to 0.99 million shares from 0.48 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 17.91, which, if violated, would cause prices to drop to 17.82. In the upper region, resistance lies at 18.14. The next price resistance is at 18.28. RSI (Relative Strength Index) is 29.88 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 89.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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