Halliburton stock rises 1.81% and ends three-day losing streak
Updated
Updated · MarketWatch · May 8
Halliburton stock rises 1.81% and ends three-day losing streak
12 articles · Updated · MarketWatch · May 8
The shares closed at $39.83 on Friday, while the S&P 500 gained 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
Halliburton outperformed peers, with ConocoPhillips down 0.88%, SLB up 0.51% and Devon Energy up 0.66%.
Despite the rebound, the stock remains 6.19% below its 52-week high of $42.46 reached on 1 May, and trading volume of 8.0 million stayed well below its 50-day average.
Halliburton forecasts strong growth, but industry surveys show rising costs. Which story should investors believe?
Can Halliburton's new drilling technology shield it from war-driven oil market chaos?
With expert oil forecasts ranging from $60 to $167, what is the true outlook for energy investors?