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Griffin Securities Downgrades Halliburton Co (HAL) to a Neutral from a Buy

In a filing, Halliburton Co revealed 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 $7.38 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 $0.9 million.

Griffin Securities downgraded its Halliburton Co [HAL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. Barclays also remained covering HAL and has decreased its forecast on December 18, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. UBS revised its rating on December 09, 2024. It rated HAL as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HAL

On Monday, Halliburton Co [NYSE:HAL] saw its stock jump 0.63% to $26.96. Over the last five days, the stock has gained 3.81%. Halliburton Co shares have fallen nearly -25.42% since the year began. Nevertheless, the stocks have fallen -25.55% over the past one year. While a 52-week high of $41.56 was reached on 04/08/24, a 52-week low of $25.51 was recorded on 12/20/24. SMA at 50 days reached $29.02, while 200 days put it at $32.86.

Levels Of Support And Resistance For HAL Stock

The 24-hour chart illustrates a support level at 26.61, which if violated will result in even more drops to 26.26. On the upside, there is a resistance level at 27.24. A further resistance level may holdings at 27.53. The Relative Strength Index (RSI) on the 14-day chart is 36.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.98%. Stochastics %K at 32.21% indicates the stock is a holding.

How much short interest is there in Halliburton Co?

A steep rise in short interest was recorded in Halliburton Co stocks on 2024-12-13, growing by 1.56 million shares to a total of 23.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 22.06 million shares. There was a rise of 6.6%, which implies that there is a positive sentiment for the stock.

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