Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hess Midstream LP shares valued at $279,840 were sold by Stein Jonathan C. on Nov 11 ’24. At $35.32 per share, Stein Jonathan C. sold 7,923 shares. The insider’s holdings dropped to 59,945 shares worth approximately $2.16 million following the completion of this transaction.
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Also, Stein Jonathan C. purchased 7,923 shares, netting a total of over 277,860 in proceeds.
Before that, Global Infrastructure Investor had sold 12,650,000 shares from its account. In a trade valued at $444,268,000, the Director traded Hess Midstream LP shares for $35.12 each. Upon closing the transaction, the insider’s holdings decreased to 12,650,000 shares, worth approximately $0.0.
As published in a research note from JP Morgan on March 08, 2024, Hess Midstream LP [HESM] has been rated down from an Overweight to a Neutral and the price target has been revised to $37. As of May 10, 2023, UBS has initiated its “Buy” rating for HESM. Earlier on April 21, 2023, Raymond James initiated its rating. Their recommendation was “an Outperform” for HESM stock.
Analyzing HESM Stock Performance
During the last five days, there has been a surge of approximately 5.47%. Over the course of the year, Hess Midstream LP shares have jumped approximately 14.04%. Shares of the company reached a 52-week high of $39.11 on 07/17/24 and a 52-week low of $30.72 on 01/09/24. A 50-day SMA is recorded $35.61, while a 200-day SMA reached $35.63. Nevertheless, trading volume fell to 0.51 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Hess Midstream LP (HESM)
According to the 24-hour chart, there is a support level at 35.75, which, if violated, would cause prices to drop to 35.42. In the upper region, resistance lies at 36.47. The next price resistance is at 36.86. RSI (Relative Strength Index) is 57.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 20.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
