Halliburton Company (HAL) : Halliburton Company (HAL) had a healthy money flow of $17.7 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $61.07 million, whereas, investors only sold shares worth $43.37 million on downticks. The stock closed the day with an up-down ratio of 1.41.The money flow in the block trades to the tune of $19.05 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $19.05 million worth of transactions were on upticks. Halliburton Company (HAL) stock slid $0.67 intraday and traded at 44.07, a change of -1.5% over previous days close. However, for the week, the company shares are -1.1% compared to previous weeks close.
Also, Atlantic Equities initiates coverage on Halliburton Company (NYSE:HAL) The shares have been rated Underweight. The rating by the firm was issued on August 8, 2016.
Halliburton Company has dropped 2.04% in the last five trading days, however, the shares have posted positive gains of 4.23% in the last 4 weeks. Halliburton Company is up 4.56% in the last 3-month period. Year-to-Date the stock performance stands at 30.73%.
Halliburton Company (NYSE:HAL): The stock opened at $44.74 on Tuesday but the bulls could not build on the opening and the stock topped out at $45.19 for the day. The stock traded down to $43.88 during the day, due to lack of any buying support eventually closed down at $44.07 with a loss of -1.50% for the day. The stock had closed at $44.74 on the previous day. The total traded volume was 8,194,785 shares.
In a related news, The Securities and Exchange Commission has divulged that Miller Jeffrey Allen, director officer (President) of Halliburton Co, had unloaded 19,776 shares at an average price of $45 in a transaction dated on June 7, 2016. The total value of the transaction was worth $889,920.
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.