Hess Corporation’s recently made public that its Senior Vice President Schoonman Geurt G unloaded Company’s shares for reported $0.85 million on Nov 07 ’24. In the deal valued at $141.91 per share,6,000 shares were sold. As a result of this transaction, Schoonman Geurt G now holds 27,581 shares worth roughly $4.05 million.
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Then, HESS JOHN B sold 300,000 shares, generating $43,131,261 in total proceeds. Upon selling the shares at $143.77, the Chief Executive Officer now owns 114,401 shares.
Before that, HESS JOHN B sold 153,203 shares. Hess Corporation shares valued at $21,814,484 were divested by the Chief Executive Officer at a price of $142.39 per share. As a result of the transaction, HESS JOHN B now holds 0 shares, worth roughly $0.0.
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 jump 0.85% to $146.88. Over the last five days, the stock has gained 3.44%. Hess Corporation shares have risen nearly 1.89% since the year began. Nevertheless, the stocks have risen 3.83% 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 $137.16, while 200 days put it at $145.24.
Levels Of Support And Resistance For HES Stock
The 24-hour chart illustrates a support level at 145.55, which if violated will result in even more drops to 144.21. On the upside, there is a resistance level at 147.93. A further resistance level may holdings at 148.98. The Relative Strength Index (RSI) on the 14-day chart is 70.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.56%. Stochastics %K at 96.20% indicates the stock is a selling.
How much short interest is there in Hess Corporation?
A steep rise in short interest was recorded in Hess Corporation stocks on 2024-10-31, dropping by -1.16 million shares to a total of 4.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.48 million shares. There was a decline of -26.99%, which implies that there is a negative 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.
