Volume Spike Investor

Huntsman (HUN) is down 40% on news that buy-out firm Apollo is walking away from a deal to buy the company for $6.5 billion. The matter will almost certainly be settled in court

Huntsman, a chemical company, has seen is profits disappear due to high commodities costs. Apollo cited that as one of the reasons it wants out.

As of 9.35 AM, HUN has traded well over 8 million shares. Its daily average is 1.7 million

Douglas A. McIntyre