Published on 14 Mar 2024 on Zacks via Yahoo Finance
Halliburton Company (HAL) Is a Trending Stock: Facts to Know Before Betting on It
Halliburton (HAL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this provider of drilling services to oil and gas operators have returned +6.8% over the past month versus the Zacks S&P 500 composite's +4.4% change. The Zacks Oil and Gas - Field Services industry, to which Halliburton belongs, has gained 10.5% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.