The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hess Corporation shares valued at $851,460 were sold by Schoonman Geurt G on Nov 07 ’24. At $141.91 per share, Schoonman Geurt G sold 6,000 shares. The insider’s holdings dropped to 27,581 shares worth approximately $4.0 million following the completion of this transaction.
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Also, HESS JOHN B sold 300,000 shares, netting a total of over 43,131,261 in proceeds. Following the sale of shares at $143.77 each, the insider now holds 114,401 shares.
Before that, HESS JOHN B had sold 153,203 shares from its account. In a trade valued at $21,814,484, the Chief Executive Officer traded Hess Corporation shares for $142.39 each. Upon closing the transaction, the insider’s holdings decreased to 153,203 shares, worth approximately $0.0.
As published in a research note from Wolfe Research on September 30, 2024, Hess Corporation [HES] has been rated up from a Peer perform to an Outperform and the price target has been revised to $150. As of November 07, 2023, Argus has increased its “Hold” rating to a “Buy” for HES. Earlier on November 02, 2023, Bernstein downgraded its rating. Their new recommendation was “a Mkt perform” for HES stock which previously was a “an Outperform”.
Analyzing HES Stock Performance
During the last five days, there has been a surge of approximately 1.62%. Over the course of the year, Hess Corporation shares have jumped approximately 0.62%. Shares of the company reached a 52-week high of $163.98 on 04/29/24 and a 52-week low of $123.79 on 09/11/24. A 50-day SMA is recorded $136.42, while a 200-day SMA reached $145.21. Nevertheless, trading volume fell to 1.43 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Hess Corporation (HES)
According to the 24-hour chart, there is a support level at 143.79, which, if violated, would cause prices to drop to 142.53. In the upper region, resistance lies at 145.83. The next price resistance is at 146.61. RSI (Relative Strength Index) is 66.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.29, which suggests the price will increase in the coming days. Percent R is at 2.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
