In a filing, Schlumberger Ltd. revealed its EVP, Geographies Al Mogharbel Khaled unloaded Company’s shares for reported $6.06 million on Jul 22 ’24. In the deal valued at $50.19 per share,120,668 shares were sold. As a result of this transaction, Al Mogharbel Khaled now holds 247,699 shares worth roughly $11.85 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Biguet Stephane sold 50,048 shares, generating $2,499,397 in total proceeds. Upon selling the shares at $49.94, the EVP & CFO now owns 203,076 shares.
Before that, Kasibhatla Vijay sold 10,000 shares. Schlumberger Ltd. shares valued at $492,900 were divested by the Director, M&A at a price of $49.29 per share. As a result of the transaction, Kasibhatla Vijay now holds 62,354 shares, worth roughly $2.98 million.
TD Cowen reiterated its Schlumberger Ltd. [SLB] rating to a Buy in a research note published on July 22, 2024; the price target was $64. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “an Equal weight”. TD Cowen also remained covering SLB and reiterated its “Buy” recommendation on April 22, 2024. Societe Generale started covering the stock on October 09, 2023. It rated SLB as “a Buy”.
Price Performance Review of SLB
On Monday, Schlumberger Ltd. [NYSE:SLB] saw its stock fall -1.99% to $47.86. Over the last five days, the stock has lost -3.20%. Schlumberger Ltd. shares have fallen nearly -8.03% since the year began. Nevertheless, the stocks have fallen -16.06% over the past one year. While a 52-week high of $62.12 was reached on 03/28/24, a 52-week low of $42.61 was recorded on 06/14/24. SMA at 50 days reached $46.45, while 200 days put it at $50.46. A total of 9.1 million shares were traded, compared to the trading of 8.23 million shares in the previous session.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 47.41, which if violated will result in even more drops to 46.95. On the upside, there is a resistance level at 48.56. A further resistance level may holdings at 49.26. The Relative Strength Index (RSI) on the 14-day chart is 52.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.96%. Stochastics%K at 57.29% indicates the stock is a holding.
The most recent change occurred on June 07, 2023 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $63 price target.
