Interactive Brokers shares jump as it secures spot in S&P 500
Huntsman Corp (NYSE:HUN) Chairman, President, and CEO Peter R. Huntsman recently acquired a substantial amount of company stock, according to a recent SEC filing. The insider purchase comes as the stock trades near its 52-week low of $11.14, having declined over 43% in the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels. On May 7, 2025, Huntsman purchased a total of 45,000 shares in two separate transactions. The shares were bought at a weighted average price, with the first batch of 22,000 shares acquired at prices ranging from $11.16 to $11.175 per share, and the second batch of 23,000 shares at prices ranging from $11.195 to $11.20 per share. The total value of these purchases amounts to approximately $503,405. The company currently offers an attractive dividend yield of 8.92%, maintaining dividend payments for 19 consecutive years.
Following these transactions, Peter Huntsman’s direct ownership in Huntsman Corp increased to 6,600,227 shares. Additionally, he holds an indirect stake of 933,328 shares through P&B Capital, L.C.
In other recent news, Huntsman Corporation reported its first-quarter 2025 earnings, missing analyst expectations. The company announced an earnings per share (EPS) of -$0.11, slightly below the forecast of -$0.10. Revenue also fell short, coming in at $1.41 billion against an anticipated $1.5 billion. Despite these challenges, Huntsman is doubling its cost savings target to $100 million to address market volatility. The company has not provided full-year guidance due to ongoing uncertainties but anticipates better performance in the latter half of 2025. Huntsman is also focusing on optimizing its operations, particularly in Europe, to improve its financial position. The company’s liquidity stands at $1.3 billion, with net debt at $1.5 billion. Analyst firms have not issued any new upgrades or downgrades following these developments.
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