Smart Money Is Betting Big In HES Options
Portfolio Pulse from Benzinga Insights
Significant investors have taken a bearish position in Hess (NYSE:HES) options, with 66% of the trades being puts. This unusual activity suggests foreknowledge of upcoming events. The price range targeted by these options is between $122.0 and $150.0. Despite this, the stock is currently up 0.44% at $152.05, with analysts maintaining a neutral rating and an average price target of $188.5.
May 28, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Significant investors have taken a bearish position in Hess (NYSE:HES) options, with 66% of the trades being puts. This unusual activity suggests foreknowledge of upcoming events. The price range targeted by these options is between $122.0 and $150.0. Despite this, the stock is currently up 0.44% at $152.05, with analysts maintaining a neutral rating and an average price target of $188.5.
The significant bearish options activity suggests that large investors are anticipating a decline in Hess's stock price. This is further supported by the high volume of puts compared to calls. However, the current stock price is up, and analysts have a higher average price target, indicating mixed sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100