Huntsman Corporation (HUN) : Traders are bullish on Huntsman Corporation (HUN) as it has outperformed the S&P 500 by a wide margin of 7.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.9% in the last 1 week, and is up 7.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Huntsman Corporation is up 21.71% in the last 3-month period. Year-to-Date the stock performance stands at 52.75%. The stock has recorded a 20-day Moving Average of 6.04% and the 50-Day Moving Average is 11.07%.
Huntsman Corporation (NYSE:HUN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.88 and $16.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.05, notching a gain of 0.18% for the day. The total traded volume was 1,779,581 . The stock had closed at $17.02 on the previous day.
Also, Major Brokerage house, Citigroup maintains its ratings on Huntsman Corporation (NYSE:HUN). In the latest research report, Citigroup raises the target price from $16 per share to $17 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 15, 2016.
Huntsman Corporation (Huntsman) is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company is also engaged in performance additives and titanium dioxide business. The Company also offers titanium dioxide, a white pigment derived from titanium bearing ores; functional additives made from barium and zinc-based inorganics; color pigments made from synthetic iron-oxide and other inorganic pigments; timber treatment wood protection chemicals; water treatment products, and specialty automotive molded components. The Company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects and Pigments and Additives. Its products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging and paints and coatings.