Hess Midstream shares are trading lower after the company announced a 10 million share offering by a selling shareholder.
Portfolio Pulse from Benzinga Newsdesk
Hess Midstream shares are trading lower following the announcement of a 10 million share offering by a selling shareholder.
May 29, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Hess Midstream shares are experiencing a decline due to the announcement of a 10 million share offering by a selling shareholder.
The announcement of a large share offering typically leads to a decrease in share price due to dilution concerns and increased supply in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100