Shares of Halliburton Company (HAL) Sees Large Inflow of Net Money Flow

Halliburton Company (HAL) : Halliburton Company (HAL) had a healthy money flow of $2.26 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $35.96 million, whereas, investors only sold shares worth $33.7 million on downticks. The stock closed the day with an up-down ratio of 1.07.The money flow in the block trades to the tune of $4.67 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $7.04 million worth of transactions were on upticks. A paltry $2.36 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.98. Halliburton Company (HAL) stock slid $0.11 intraday and traded at 43.44, a change of -0.24% over previous days close. However, for the week, the company shares are -4.45% compared to previous weeks close.


Halliburton Company (HAL) : Currently there are 23 street experts covering Halliburton Company (HAL) stock. The most bullish and bearish price target for the stock is $60 and $39 respectively for the short term. The average price target of all the analysts comes to $50.65. The estimated standard deviation from the target is $5.81.

Halliburton Company (NYSE:HAL): stock turned positive on Friday. Though the stock opened at $43.83, the bulls momentum made the stock top out at $43.91 level for the day. The stock recorded a low of $42.82 and closed the trading day at $43.83, in the green by 0.67%. The total traded volume for the day was 8,900,243. The stock had closed at $43.54 in the previous days trading.

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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