Halliburton Co.’s recently made public that its EVP, Secretary and CLO Beckwith Van H. unloaded Company’s shares for reported $0.37 million on Jul 18 ’24. In the deal valued at $36.75 per share,10,000 shares were sold. As a result of this transaction, Beckwith Van H. now holds 273,908 shares worth roughly $7.64 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, Sharp Jill D. sold 6,933 shares. Halliburton Co. shares valued at $263,454 were divested by the SVP Internal Assurance Svcs. at a price of $38.00 per share. As a result of the transaction, Sharp Jill D. now holds 33,251 shares, worth roughly $0.93 million.
RBC Capital Mkts downgraded its Halliburton Co. [HAL] rating to a Sector perform from a an Outperform in a research note published on September 13, 2024; the price target was decreased to $37 from $44. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering HAL and reiterated its “Buy” recommendation on April 24, 2024. TD Cowen maintained its rating on January 24, 2024. It rated HAL as “an Outperform”.
Price Performance Review of HAL
On Monday, Halliburton Co. [NYSE:HAL] saw its stock fall -1.27% to $27.89. Over the last five days, the stock has lost -1.31%. Halliburton Co. shares have fallen nearly -22.85% since the year began. Nevertheless, the stocks have fallen -29.30% over the past one year. While a 52-week high of $41.56 was reached on 04/08/24, a 52-week low of $27.51 was recorded on 10/28/24. SMA at 50 days reached $29.63, while 200 days put it at $34.18.
Levels Of Support And Resistance For HAL Stock
The 24-hour chart illustrates a support level at 27.45, which if violated will result in even more drops to 27.02. On the upside, there is a resistance level at 28.13. A further resistance level may holdings at 28.38. The Relative Strength Index (RSI) on the 14-day chart is 37.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.09%. Stochastics %K at 15.63% indicates the stock is a buying.
How much short interest is there in Halliburton Co.?
A steep rise in short interest was recorded in Halliburton Co. stocks on 2024-10-15, dropping by -1.85 million shares to a total of 23.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.12 million shares. There was a decline of -7.96%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2023 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $41 price target.
