Large Inflow of Money Detected in Halliburton Company

Halliburton Company (HAL) stock had a bullish inflow of $154.25 million worth of trades on uptick and an outflow of $104.34 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.48. The net money flow into the stock was $49.9 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $49.97 million. An inflow of $6.59 million block trade was recorded on downticks. $56.56 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 8.58 in favor of the bulls. However, Halliburton Company (HAL) stock traded down $0.71 , and reached $44.28, a drop of -1.58% over the previous day. On a weekly basis, the stock is -2.6%, over the previous weeks close.


Also, Citigroup maintains its view on Halliburton Company (NYSE:HAL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $49 per share to $52 per share on Halliburton Company. The rating by the firm was issued on July 13, 2016.

Halliburton Company (NYSE:HAL): The stock opened at $44.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $44.93 for the day. The stock traded down to $43.91 during the day, due to lack of any buying support eventually closed down at $44.28 with a loss of -1.58% for the day. The stock had closed at $44.99 on the previous day. The total traded volume was 16,067,171 shares.

The stock has recorded a 20-day Moving Average of 0.83% and the 50-Day Moving Average is 2.51%. 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.

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