Hess Midstream LP’s filing revealed that its Director Global Infrastructure Investor unloaded Company’s shares for reported $340.25 million on May 31 ’24. In the deal valued at $34.02 per share,10,000,000 shares were sold. As a result of this transaction, Global Infrastructure Investor now holds 0 shares worth roughly $0.0.
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Then, Global Infrastructure Investor sold 1,500,000 shares, generating $51,037,500 in total proceeds. Upon selling the shares at $34.02, the Director now owns 0 shares.
Before that, Gatling John A. sold 2,231 shares. Hess Midstream LP shares valued at $79,825 were divested by the President and COO at a price of $35.78 per share. As a result of the transaction, Gatling John A. now holds 56,732 shares, worth roughly $2.1 million.
JP Morgan downgraded its Hess Midstream LP [HESM] rating to a Neutral from a an Overweight in a research note published recently. UBS began covering HESM with “Buy” recommendation on May 10, 2023. Raymond James started covering the stock on April 21, 2023. It rated HESM as “an Outperform”.
Price Performance Review of HESM
On Tuesday, Hess Midstream LP [NYSE:HESM] saw its stock fall -0.62% to $36.95. Over the last five days, the stock has gained 3.36%. Hess Midstream LP shares have risen nearly 16.82% since the year began. Nevertheless, the stocks have risen 22.03% over the past one year. While a 52-week high of $39.11 was reached on 07/17/24, a 52-week low of $27.57 was recorded on 01/09/24. SMA at 50 days reached $36.83, while 200 days put it at $34.86.
Levels Of Support And Resistance For HESM Stock
The 24-hour chart illustrates a support level at 36.64, which if violated will result in even more drops to 36.32. On the upside, there is a resistance level at 37.34. A further resistance level may holdings at 37.72. The Relative Strength Index (RSI) on the 14-day chart is 54.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.80%. Stochastics %K at 73.83% indicates the stock is a holding.
How much short interest is there in Hess Midstream LP?
A steep rise in short interest was recorded in Hess Midstream LP stocks on 2024-08-30, growing by 1.32 million shares to a total of 5.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.96 million shares. There was a rise of 25.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $34 price target.
