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Examining the Potential Price Growth of Halliburton Co. (HAL)

Halliburton Co.’s recent filing unveils that its SVP Internal Assurance Svcs. Sharp Jill D. unloaded Company’s shares for reported $0.26 million on May 20 ’24. In the deal valued at $38.00 per share,6,933 shares were sold. As a result of this transaction, Sharp Jill D. now holds 33,251 shares worth roughly $1.09 million.

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Then, Geer Charles Jr. sold 3,000 shares, generating $114,000 in total proceeds. Upon selling the shares at $38.00, the SVP & Chief Accounting Officer now owns 97,084 shares.

Before that, Slocum Jeffrey Shannon sold 38,941 shares. Halliburton Co. shares valued at $1,437,702 were divested by the President – Eastern Hemisphere at a price of $36.92 per share. As a result of the transaction, Slocum Jeffrey Shannon now holds 130,783 shares, worth roughly $4.31 million.

TD Cowen reiterated its Halliburton Co. [HAL] rating to a Buy in a research note published on April 24, 2024; the price target was $48. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late January has reiterated a ‘”an Outperform”‘ rating for it. CapitalOne began covering HAL with “an Overweight” recommendation on June 07, 2023. UBS started covering the stock on April 19, 2023. It rated HAL as “a Buy”.

Price Performance Review of HAL

On Friday, Halliburton Co. [NYSE:HAL] saw its stock fall -2.52% to $32.92. Over the last five days, the stock has lost -3.40%. Halliburton Co. shares have fallen nearly -8.94% since the year began. Nevertheless, the stocks have risen 2.71% over the past one year. While a 52-week high of $43.85 was reached on 04/08/24, a 52-week low of $30.04 was recorded on 06/14/24. SMA at 50 days reached $37.20, while 200 days put it at $37.66. A total of 7.0 million shares were traded, compared to the trading of 5.76 million shares in the previous session.

Levels Of Support And Resistance For HAL Stock

The 24-hour chart illustrates a support level at 32.47, which if violated will result in even more drops to 32.01. On the upside, there is a resistance level at 33.51. A further resistance level may holdings at 34.10. The Relative Strength Index (RSI) on the 14-day chart is 29.70, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.94%. Stochastics %K at 18.87% indicates the stock is a buying.

The most recent change occurred on January 19, 2023 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $50 price target.

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