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 $367,500 were sold by Beckwith Van H. on Jul 18 ’24. At $36.75 per share, Beckwith Van H. sold 10,000 shares. The insider’s holdings dropped to 273,908 shares worth approximately $7.93 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, Sharp Jill D. had sold 6,933 shares from its account. In a trade valued at $263,454, the SVP Internal Assurance Svcs. traded Halliburton Co. shares for $38.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,933 shares, worth approximately $0.96 million.
As published in a research note from RBC Capital Mkts on September 13, 2024, Halliburton Co. [HAL] has been rated down from an Outperform to a Sector perform and the price target has been revised to $37 from $44. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late July. As of April 24, 2024, TD Cowen has reiterated its “Buy” rating for HAL. Earlier on January 24, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for HAL stock.
Analyzing HAL Stock Performance
During the last five days, there has been a drop of approximately -5.82%. Over the course of the year, Halliburton Co. shares have dropped approximately -19.94%. Shares of the company reached a 52-week high of $41.56 on 04/08/24 and a 52-week low of $27.52 on 09/11/24. A 50-day SMA is recorded $30.06, while a 200-day SMA reached $34.43. Nevertheless, trading volume fell to 11.65 million shares from 6.69 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 28.63, which, if violated, would cause prices to drop to 28.33. In the upper region, resistance lies at 29.12. The next price resistance is at 29.31. RSI (Relative Strength Index) is 41.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 81.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
