What Happened?
Shares of refrigerant services company Hudson Technologies (NASDAQ: HDSN) fell 7.8% in the morning session after the company announced that its Chairman and Chief Executive Officer, Brian Coleman, stepped down effective immediately. The news of the sudden leadership change appeared to create uncertainty among investors, overshadowing the release of strong preliminary third-quarter financial results. While the company reported an expected 20% increase in revenue to $74.0 million and a 59% jump in net income, the market's reaction suggested concern over the abrupt executive exit. Hudson Technologies appointed its Chief Financial Officer, Brian Bertaux, as interim CEO while the board worked to finalize a permanent replacement. The departure was announced concurrently with financial results that significantly surpassed analyst expectations, but the leadership vacuum was the market's primary focus.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Hudson Technologies? Access our full analysis report here.
What Is The Market Telling Us
Hudson Technologies’s shares are somewhat volatile and have had 10 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 12 months ago when the stock dropped 21.2% on the news that the company reported weak third-quarter earnings that missed analysts' sales expectations. Management attributed the softness to ongoing pricing pressure on certain refrigerants throughout the 2024 cooling season. The weakness was also partly attributed to lower revenue from certain contracts. Overall, this was a weaker quarter.
Hudson Technologies is up 48.2% since the beginning of the year, but at $8.43 per share, it is still trading 19.3% below its 52-week high of $10.44 from September 2025. Investors who bought $1,000 worth of Hudson Technologies’s shares 5 years ago would now be looking at an investment worth $8,029.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free for active Edge members and will only take you a second.
