Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hess Corporation shares valued at $18,539,188 were sold by HESS JOHN B on Nov 21 ’24. At $148.31 per share, HESS JOHN B sold 125,000 shares. The insider’s holdings dropped to 92,894 shares worth approximately $13.37 million following the completion of this transaction.
Also, HESS JOHN B sold 125,000 shares, netting a total of over 18,384,614 in proceeds. Following the sale of shares at $147.08 each, the insider now holds 217,894 shares.
Before that, HESS JOHN B had sold 92,894 shares from its account. In a trade valued at $13,729,272, the Chief Executive Officer traded Hess Corporation shares for $147.80 each. Upon closing the transaction, the insider’s holdings decreased to 92,894 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 drop of approximately -1.60%. Over the course of the year, Hess Corporation shares have dropped approximately -0.14%. 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 $140.66, while a 200-day SMA reached $145.32. Nevertheless, trading volume fell to 2.14 million shares from 11870.0 shares the previous day.
Support And Resistance Levels for Hess Corporation (HES)
According to the 24-hour chart, there is a support level at 141.87, which, if violated, would cause prices to drop to 139.77. In the upper region, resistance lies at 146.53. The next price resistance is at 149.09. RSI (Relative Strength Index) is 50.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 79.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
