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 30, 2024 | 10:33 am
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Hess Midstream shares are trading lower after the company announced 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 of shares in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100