| Halliburton Drilling Shorts, Now $7 Off Monday's Low | |
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Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Halliburton Company (NYSE: HAL) shares were trading higher by $3.50 (9 percent) at $37.93 in Thursday's session. The $3 plus rally in crude oil is reviving issues in the sector back to life after being left for dead earlier in the week. In Monday's bloodbath, the issue reached $30.93 before rebounding to close at $33.56. After putting a pair of lows at the level on Tuesday ($33.47) and Wednesday ($33.63), the issue was primed for a pop in today's session. After a higher open ($35.68 vs. Wednesday's close of $34.43), it retreated to $35.47 before resuming its rally. So far, it has reached $37.98 and is trading not far from it. That is just above its August 21 high ($37.77), but well shy of its August 20 high ($39.69). Today's price action is taking place on higher than average volume. So far, 12.2 million shares have changed hands compared to its 20-day average of 14.38 million with over two hours remaining in the session. See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Halliburton is a and oil producing company based in United states of america. Halliburton is listed in United States of America. Its market capitalisation is US$ 33.4 billions as of today (€ 31.2 billions). Its stock quote reached its lowest recent point on January 25, 2002 at US$ 10.06, and its highest recent level on April 26, 2024 at US$ 38.54. Halliburton has 867 249 984 shares outstanding. |