In a filing, Hess Corporation revealed its Chief Executive Officer HESS JOHN B unloaded Company’s shares for reported $18.54 million on Nov 21 ’24. In the deal valued at $148.31 per share,125,000 shares were sold. As a result of this transaction, HESS JOHN B now holds 92,894 shares worth roughly $13.5 million.
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Then, HESS JOHN B sold 125,000 shares, generating $18,384,614 in total proceeds. Upon selling the shares at $147.08, the Chief Executive Officer now owns 217,894 shares.
Before that, HESS JOHN B sold 92,894 shares. Hess Corporation shares valued at $13,729,272 were divested by the Chief Executive Officer at a price of $147.80 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 fall -2.20% to $145.38. Over the last five days, the stock has lost -1.02%. Hess Corporation shares have risen nearly 0.85% since the year began. Nevertheless, the stocks have fallen -0.02% 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 $139.12, while 200 days put it at $145.29.
Levels Of Support And Resistance For HES Stock
The 24-hour chart illustrates a support level at 143.73, which if violated will result in even more drops to 142.08. On the upside, there is a resistance level at 148.21. A further resistance level may holdings at 151.04. The Relative Strength Index (RSI) on the 14-day chart is 58.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.30%. Stochastics %K at 80.07% 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.
