Hess Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Hess (NYSE:HES) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 18% bullish and 81% bearish. The whales have been targeting a price range from $160.0 to $185.0 for Hess over the last 3 months. Analysts from UBS, Morgan Stanley, Piper Sandler, and Mizuho have maintained their ratings on Hess with price targets ranging from $166 to $210.
October 16, 2023 | 5:46 pm
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A large investor has taken a bearish stance on Hess, indicated by unusual options activity. The sentiment among these big-money traders is largely bearish. Analysts have maintained their ratings on Hess with price targets ranging from $166 to $210.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially drive the stock price down in the short term. The sentiment among these big-money traders is largely bearish, which further supports this prediction. However, analysts have maintained their ratings on Hess, which could provide some stability to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100