In a filing, Halliburton Co. revealed its Director Banks Margaret Katherine unloaded Company’s shares for reported $0.18 million on Mar 05 ’24. In the deal valued at $35.30 per share,5,000 shares were sold. As a result of this transaction, Banks Margaret Katherine now holds 9,625 shares worth roughly $0.4 million.
Then, Miller Jeffrey Allen sold 377,000 shares, generating $13,308,100 in total proceeds. Upon selling the shares at $35.30, the Director, President & CEO now owns 759,015 shares.
Before that, Beckwith Van H. sold 5,000 shares. Halliburton Co. shares valued at $214,700 were divested by the EVP, Secretary and CLO at a price of $42.94 per share. As a result of the transaction, Beckwith Van H. now holds 176,334 shares, worth roughly $7.27 million.
TD Cowen reiterated its Halliburton Co. [HAL] rating to an Outperform in a research note published on January 24, 2024; the price target was $51. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. UBS began covering HAL with “Buy” recommendation on April 19, 2023. The Benchmark Company started covering the stock on January 19, 2023. It rated HAL as “a Buy”.
Price Performance Review of HAL
On Friday, Halliburton Co. [NYSE:HAL] saw its stock jump 1.45% to $41.24. Over the last five days, the stock has gained 4.62%. Halliburton Co. shares have risen nearly 14.08% since the year began. Nevertheless, the stocks have risen 24.10% over the past one year. While a 52-week high of $43.85 was reached on 04/05/24, a 52-week low of $27.84 was recorded on 01/17/24. SMA at 50 days reached $36.61, while 200 days put it at $37.67. A total of 4.63 million shares were traded, compared to the trading of 5.67 million shares in the previous session.
Levels Of Support And Resistance For HAL Stock
The 24-hour chart illustrates a support level at 40.77, which if violated will result in even more drops to 40.31. On the upside, there is a resistance level at 41.57. A further resistance level may holdings at 41.91. The Relative Strength Index (RSI) on the 14-day chart is 79.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.21%. Stochastics %K at 92.59% indicates the stock is a selling.
How much short interest is there in Halliburton Co.?
A steep rise in short interest was recorded in Halliburton Co. stocks on Mar 15, 2024, growing by 1.66 million shares to a total of 23.07 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 21.41 million shares. There was a rise of 7.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.93% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.1.
