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 Midstream LP shares valued at $430,210,000 were sold by BlackRock Portfolio Management on Feb 12 ’25. At $39.11 per share, BlackRock Portfolio Management sold 11,000,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Stein Jonathan C. sold 7,923 shares, netting a total of over 279,840 in proceeds. Following the sale of shares at $35.32 each, the insider now holds 59,945 shares.
Before that, Stein Jonathan C. had added 7,923 shares to its account. In a trade valued at $277,860, the Officer bought Hess Midstream LP shares for $35.07 each.
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 drop of approximately -2.15%. Over the course of the year, Hess Midstream LP shares have jumped approximately 6.91%. Shares of the company reached a 52-week high of $42.15 on 01/29/25 and a 52-week low of $37.19 on 01/02/25. A 50-day SMA is recorded $38.57, while a 200-day SMA reached $36.62. Nevertheless, trading volume fell to 1.35 million shares from 1.65 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 38.94, which, if violated, would cause prices to drop to 38.30. In the upper region, resistance lies at 39.94. The next price resistance is at 40.30. RSI (Relative Strength Index) is 48.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.36, which suggests the price will decrease in the coming days. Percent R is at 72.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
