Hess Corporation’s filing revealed that its Chief Executive Officer HESS JOHN B unloaded Company’s shares for reported $43.13 million on Nov 06 ’24. In the deal valued at $143.77 per share,300,000 shares were sold. As a result of this transaction, HESS JOHN B now holds 114,401 shares worth roughly $16.24 million.
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Then, HESS JOHN B sold 153,203 shares, generating $21,814,484 in total proceeds. Upon selling the shares at $142.39, the Chief Executive Officer now owns 0 shares.
Before that, HESS JOHN B sold 90,476 shares. Hess Corporation shares valued at $12,890,116 were divested by the Chief Executive Officer at a price of $142.47 per share. As a result of the transaction, HESS JOHN B now holds 223,147 shares, worth roughly $31.68 million.
Wolfe Research upgraded its Hess Corporation [HES] rating to an Outperform from a a Peer perform in a research note published recently. Argus also remained covering HES and has increased its forecast on November 07, 2023 with a “Buy” recommendation from previously “Hold” rating. Bernstein revised its rating on November 02, 2023. It rated HES as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of HES
On Monday, Hess Corporation [NYSE:HES] saw its stock fall -0.13% to $141.99. Over the last five days, the stock has gained 2.36%. Hess Corporation shares have fallen nearly -1.51% since the year began. Nevertheless, the stocks have risen 1.28% over the past one year. While a 52-week high of $163.98 was reached on 04/29/24, a 52-week low of $123.79 was recorded on 09/11/24. SMA at 50 days reached $135.73, while 200 days put it at $145.21.
Levels Of Support And Resistance For HES Stock
The 24-hour chart illustrates a support level at 141.26, which if violated will result in even more drops to 140.54. On the upside, there is a resistance level at 142.99. A further resistance level may holdings at 143.99. The Relative Strength Index (RSI) on the 14-day chart is 61.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.89%. Stochastics %K at 79.06% indicates the stock is a holding.
How much short interest is there in Hess Corporation?
A steep rise in short interest was recorded in Hess Corporation stocks on 2024-10-15, growing by 0.6 million shares to a total of 5.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.99 million shares. There was a rise of 10.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 19, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $184 price target.
