Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Halliburton Co shares valued at $304,331 were purchased by Jones Myrtle L on Jan 15 ’25. At $29.02 per share, Jones Myrtle L acquired 10,487 shares.
Also, Beckwith Van H. sold 10,000 shares, netting a total of over 367,500 in proceeds. Following the sale of shares at $36.75 each, the insider now holds 273,908 shares.
Before that, Geer Charles Jr. had sold 3,000 shares from its account. In a trade valued at $114,000, the SVP & Chief Accounting Officer traded Halliburton Co shares for $38.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $2.58 million.
As published in a research note from Raymond James on January 06, 2025, Halliburton Co [HAL] has been rated down from a Strong buy to a Mkt perform. Analysts at Griffin Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of December 19, 2024, Piper Sandler has initiated its “an Overweight” rating for HAL. Earlier on December 18, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for HAL stock which previously was a “an Overweight”.
Analyzing HAL Stock Performance
During the last five days, there has been a drop of approximately -5.11%. Over the course of the year, Halliburton Co shares have dropped approximately -2.39%. Shares of the company reached a 52-week high of $30.40 on 01/17/25 and a 52-week low of $26.22 on 01/29/25. A 50-day SMA is recorded $28.68, while a 200-day SMA reached $31.69. Nevertheless, trading volume fell to 9.54 million shares from 16.52 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 26.29, which, if violated, would cause prices to drop to 26.04. In the upper region, resistance lies at 26.74. The next price resistance is at 26.94. RSI (Relative Strength Index) is 37.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 92.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
