Halliburton (HAL) Nearing 52-Week Low: What Should Investors Do?
Halliburton(HAL) ZACKS·2024-08-20 21:05
Shares of Halliburton Company (HAL) have dropped by more than 15% over the past three months to close at $31.85 on Monday, near 52-week lows of $30.31. Underperforming the sector and the S&P 500, the drop can be attributed to weaker North American activity and a lower margin outlook.3-Month Price Performance Image Source: Zacks Investment ResearchOn the surface, the current share price seems an excellent opportunity to build a position in a renowned company — after all you would much rather buy closer to th ...