Hess director buys 12,000 shares


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Bobby Raines 02/25/2014

Mark Williams, a director at Hess Corp. ( HES ) , bought 12,000 shares of the company's common stock on Feb. 21. At $81.69 per share, Williams paid a total of $980,220 for the new shares.

IK-> The technicals for HES ($80.18 down $1.26) are bullish with a neutral trend. Recent support has been around $78.03 and  recent resistance has been around $81.61. Standard & Poor's has a three STARs (out of five) ranking on the stock. Look at the April 67.50/72.50 bull-put spread for a 28-cent credit. That's a 5.9% return and the stock has to fall 9.6% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options

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