Hess Midstream LP Surges to 407th in Trading Volume with $230 Million in Shares Exchanged

Volume AlertsThursday, May 29, 2025 8:00 pm ET

1min read

On May 29, 2025, Hess Midstream LP (HESM) saw a significant increase in trading volume, with a total of $230 million in shares exchanged, marking an 898.31% rise from the previous day. This surge placed HESM at the 407th position in terms of trading volume for the day. However, the stock price of HESM experienced a decline, falling by 2.38% over the past two days, resulting in a cumulative drop of 3.27%.

Hess Midstream LP recently released its quarterly earnings report on April 30th, disclosing an earnings per share of $0.65 for the quarter. This financial update is crucial for investors as it provides insights into the company's performance and profitability.

Hess Midstream LP has announced the commencement of an underwritten public offering of 15.02 million Class A shares. This move is significant as it represents a substantial increase in the number of shares available to the public, which could potentially impact the stock's liquidity and market dynamics.

Bank of America Corp DE has increased its holdings in Hess Midstream LP by 16.2% during the fourth quarter. This investment decision by a major financial institution indicates a level of confidence in the company's prospects and could influence market sentiment towards HESM.

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