The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Halliburton Co. shares valued at $263,454 were sold by Sharp Jill D. on May 20 ’24. At $38.00 per share, Sharp Jill D. sold 6,933 shares. The insider’s holdings dropped to 33,251 shares worth approximately $1.21 million following the completion of this transaction.
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Also, Geer Charles Jr. sold 3,000 shares, netting a total of over 114,000 in proceeds. Following the sale of shares at $38.00 each, the insider now holds 97,084 shares.
Before that, Slocum Jeffrey Shannon had sold 38,941 shares from its account. In a trade valued at $1,437,702, the President – Eastern Hemisphere traded Halliburton Co. shares for $36.92 each. Upon closing the transaction, the insider’s holdings decreased to 38,941 shares, worth approximately $4.76 million.
As published in a research note from TD Cowen on April 24, 2024, Halliburton Co. [HAL] has been retained to a Buy and the price target has been revised to $48. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in late January. As of June 07, 2023, CapitalOne has initiated its “an Overweight” rating for HAL. Earlier on April 19, 2023, UBS initiated its rating. Their recommendation was “a Buy” for HAL stock.
Analyzing HAL Stock Performance
During the last five days, there has been a drop of approximately -2.65%. Over the course of the year, Halliburton Co. shares have jumped approximately 0.61%. Shares of the company reached a 52-week high of $41.56 on 04/08/24 and a 52-week low of $32.84 on 01/17/24. A 50-day SMA is recorded $38.46, while a 200-day SMA reached $38.02. Nevertheless, trading volume fell to 6.99 million shares from 4.09 million shares the previous day.
Support And Resistance Levels for Halliburton Co. (HAL)
According to the 24-hour chart, there is a support level at 35.90, which, if violated, would cause prices to drop to 35.44. In the upper region, resistance lies at 37.16. The next price resistance is at 37.96. RSI (Relative Strength Index) is 36.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 93.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
