Large Outflow of Money Witnessed in Halliburton Company

Halliburton Company (HAL) : The total money flow in Halliburton Company (HAL) was negative ($30.35 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $117 million. In comparison, the inflow of money into the stock on upticks was $86.66 million. The uptick to downtick ratio was 0.74. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $31.07 million. The value of transactions on uptick was $7.38 million. The negative money flow of ($23.7 million) confirms the selling in Halliburton Company (HAL) on strength. The uptick to downtick ratio of block trades was 0.24. Halliburton Company (HAL) gained $1.84 at $42.79, a gain of 4.49% over the previous days close. However, the stock registered 2.27% in the week.


Shares of Halliburton Company appreciated by 0.16% during the last five trading days but lost 3.96% on a 4-week basis. Halliburton Company has dropped 3.64% during the last 3-month period . Year-to-Date the stock performance stands at 27.47%.

Halliburton Company (HAL) : 20 brokerage houses believe that Halliburton Company (HAL) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Halliburton Company (HAL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 25 Wall Street Analysts endorse the stock as a Buy with a rating of 1.52.

Halliburton Company (NYSE:HAL): The stock opened at $41.11 and touched an intraday high of $42.96 on Wednesday. During the day, the stock corrected to an intraday low of $40.45, however, the bulls stepped in and pushed the price higher to close in the green at $42.79 with a gain of 4.49% for the day. The total traded volume for the day was 12,551,927. The stock had closed at $40.95 in the previous trading session.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Companys Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. Production Enhancement services include stimulation services and sand control services. The Companys Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.

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