Huntsman Corporation (HUN) Moves Lower on Volume Spike for March 15

Equities Staff  |

Huntsman Corporation (HUN) traded on unusually high volume on Mar. 15, as the stock lost 1.36% to close at $23.14. On the day, Huntsman Corporation saw 5.37 million shares trade hands on 18,312 trades. Considering that the stock averages only a daily volume of 2.74 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $33.55 and $17.58 over the last 52-weeks, its 50-day SMA is now $22.45, and its 200-day SMA $25.53. Huntsman Corporation has a P/B ratio of 2.14. It also has a P/E ratio of 17.8.

Huntsman Corp is a US-based manufacturer of differentiated organic chemical products. Its product portfolio comprises of the methylene diphenyl diisocyanate (MDI), amines, surfactants, maleic anhydride, epoxy-based polymer formulations, textile chemicals, dyes and others. The company's products are used in the adhesives, aerospace, automotive, construction products, among others. Its operating segments are Polyurethanes, Performance Products, Advanced Materials and Textile Effects. It derives a majority of the revenue from the Polyurethanes segment which includes product used to produce rigid and flexible foams, as well as coatings, adhesives, sealants, and elastomers.

Headquartered in The Woodlands, TX, Huntsman Corporation has 10,000 employees and is currently under the leadership of CEO Peter R. Huntsman.

For a complete fundamental analysis analysis of Huntsman Corporation, check out Equities.com’s Stock Valuation Analysis report for HUN.

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To get more information on Huntsman Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: HUN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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