Hess Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Hess (NYSE:HES) as indicated by unusual options activity. The overall sentiment of these big-money traders is 75% bearish. The mean open interest for Hess options trades today is 511.71 with a total volume of 3,367.00. Whales have been targeting a price range from $140.0 to $160.0 for Hess over the last 3 months. The price of HES is down -1.04% at $147.95. Analysts from Mizuho, UBS, and Morgan Stanley have maintained their ratings on Hess.
October 04, 2023 | 6:32 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Hess. The price of HES is down -1.04% at $147.95. Analysts from Mizuho, UBS, and Morgan Stanley have maintained their ratings on Hess.
The unusual options activity, with 75% bearish sentiment, indicates that big-money traders are expecting the price of Hess to decrease. This, coupled with the current price decrease of -1.04%, suggests a negative short-term impact on the stock. However, the maintained ratings from analysts could potentially mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100