This Is What Whales Are Betting On Halliburton
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Halliburton (NYSE:HAL), with 80% of detected trades being bearish and 20% bullish. The trades include 5 puts totaling $287,921 and 5 calls totaling $375,870. Whales have been targeting a price range from $36.0 to $45.0 for Halliburton over the last 3 months. The current price of HAL is up 1.75% at $40.48. Analysts from Morgan Stanley, Stifel, HSBC, and Raymond James have maintained their positive ratings on Halliburton with price targets ranging from $45 to $50.
August 09, 2023 | 8:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Halliburton has seen a significant amount of bearish trading activity, with a target price range of $36-$45. Despite this, analysts maintain positive ratings with price targets from $45-$50.
Despite the bearish trading activity, the positive ratings and price targets from analysts suggest a potential upward movement in the short term. However, the large volume of bearish trades indicates a significant level of uncertainty, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100