Schlumberger Ltd.’s recent filing unveils that its EVP, Core Services & Equipment Merad Abdellah unloaded Company’s shares for reported $2.43 million on Feb 26 ’24. In the deal valued at $48.52 per share,50,000 shares were sold. As a result of this transaction, Merad Abdellah now holds 261,507 shares worth roughly $13.51 million.
Then, Biguet Stephane sold 6,250 shares, generating $304,000 in total proceeds. Upon selling the shares at $48.64, the EVP & CFO now owns 242,932 shares.
Before that, Rennick Gavin sold 20,045 shares. Schlumberger Ltd. shares valued at $977,494 were divested by the President New Energy at a price of $48.77 per share. As a result of the transaction, Rennick Gavin now holds 77,563 shares, worth roughly $4.01 million.
Societe Generale initiated its Schlumberger Ltd. [SLB] rating to a Buy in a research note published on October 09, 2023; the price target was $81. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. UBS also remained covering SLB and has increased its forecast on April 19, 2023 with a “Buy” recommendation from previously “Neutral” rating. Susquehanna maintained its rating on January 23, 2023. It rated SLB as “a Positive”.
Price Performance Review of SLB
On Monday, Schlumberger Ltd. [NYSE:SLB] saw its stock fall -0.63% to $51.67. Over the last five days, the stock has lost -4.39%. Schlumberger Ltd. shares have fallen nearly -0.71% since the year began. Nevertheless, the stocks have fallen -0.42% over the past one year. While a 52-week high of $62.12 was reached on 03/28/24, a 52-week low of $42.73 was recorded on 02/09/24. SMA at 50 days reached $51.24, while 200 days put it at $54.22. A total of 9.48 million shares were traded, compared to the trading of 13.01 million shares in the previous session.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 51.11, which if violated will result in even more drops to 50.55. On the upside, there is a resistance level at 52.57. A further resistance level may holdings at 53.47. The Relative Strength Index (RSI) on the 14-day chart is 39.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.81%. Stochastics %K at 14.10% indicates the stock is a buying.
The most recent change occurred on January 19, 2023 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $65 price target.
