Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Halliburton Company shares valued at $303,520 were sold by Miller Jeffrey Allen on May 09. At $30.18 per share, Miller Jeffrey Allen sold 10,057 shares. The insider’s holdings dropped to 819,173 shares worth approximately $24.84 million following the completion of this transaction.
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Also, Miller Jeffrey Allen sold 271,283 shares, netting a total of over 8,206,311 in proceeds. Following the sale of shares at $30.25 each, the insider now holds 829,230 shares.
Before that, Geer Charles Jr. had sold 12,065 shares from its account. In a trade valued at $369,189, the SVP & Chief Accounting Officer traded Halliburton Company shares for $30.60 each. Upon closing the transaction, the insider’s holdings decreased to 12,065 shares, worth approximately $1.6 million.
Analyzing HAL Stock Performance
On Thursday, Halliburton Company [NYSE: HAL] plunged -1.62% to $30.32. The stock’s lowest price that day was $29.955, but it reached a high of $30.58 in the same session. During the last five days, there has been a surge of approximately 1.51%. Over the course of the year, Halliburton Company shares have dropped approximately -22.95%. Shares of the company reached a 52-week high of $43.42 on 01/18/23 and a 52-week low of $27.84 on 05/16/23. A 50-day SMA is recorded $31.36, while a 200-day SMA reached $33.91. Nevertheless, trading volume fell to 10.15 million shares from 11.4 million shares the previous day.
Support And Resistance Levels for Halliburton Company (HAL)
According to the 24-hour chart, there is a support level at 29.99, which, if violated, would cause prices to drop to 29.66. In the upper region, resistance lies at 30.61. The next price resistance is at 30.91. RSI (Relative Strength Index) is 47.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 28.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Halliburton Company subject to short interest?
Stocks of Halliburton Company saw a sharp rise in short interest on May 14, 2023 jumping by 2.83 million shares to 29.21 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 26.38 million shares. A jump of 9.69% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.06.
Which companies own the most shares of Halliburton Company (HAL)?
According to The Vanguard Group, Inc. filings, the company currently owns 96,651,158 shares, which is about 10.71% of the total HAL shares outstanding. The investor’s shares have appreciated by 618,873 from its previous 13-F filing of 96032285.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $3,028,573,247. SSgA Funds Management, Inc. reduced a -1.25% interest valued at $1.94 billion while BlackRock Fund Advisors sold a -1,833,421 stake. A total of 12,228,234 shares of Halliburton Company were sold by Boston Partners Global Investors, during the quarter, and -10,717,686 were sold by Fidelity Management & Research Co. In its current portfolio, Sanders Capital LLC holds 21,837,221 shares valued at $715.17 million.
In terms of Halliburton Company share price expectations, FactSet research, analysts set an average price target of $48.57 in the next 12 months, up nearly 58.99% from the previous closing price of $30.82. Analysts anticipate Halliburton Company stock to reach $58.00 by 2023, with the lowest price target being $40.00. In spite of this, 26 analysts ranked Halliburton Company stock as a Buy at the end of 2023.