Schlumberger Ltd’s filing revealed that its EVP, Core Services & Equipment Merad Abdellah unloaded Company’s shares for reported $2.51 million on Oct 24 ’24. In the deal valued at $41.90 per share,60,000 shares were sold. As a result of this transaction, Merad Abdellah now holds 211,937 shares worth roughly $8.55 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, Merad Abdellah bought 60,000 shares, generating $2,514,000 in total proceeds.
Before that, Biguet Stephane sold 50,048 shares. Schlumberger Ltd shares valued at $2,499,397 were divested by the EVP & CFO at a price of $49.94 per share. As a result of the transaction, Biguet Stephane now holds 203,076 shares, worth roughly $8.19 million.
TD Cowen reiterated its Schlumberger Ltd [SLB] rating to a Buy in a research note published on October 21, 2024; the price target was $65. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo also remained covering SLB and has decreased its forecast on April 29, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. TD Cowen maintained its rating on April 22, 2024. It rated SLB as “a Buy”.
Price Performance Review of SLB
On Monday, Schlumberger Ltd [NYSE:SLB] saw its stock jump 1.41% to $40.32. Over the last five days, the stock has lost -2.59%. Schlumberger Ltd shares have fallen nearly -22.52% since the year began. Nevertheless, the stocks have fallen -29.71% over the past one year. While a 52-week high of $57.75 was reached on 03/28/24, a 52-week low of $38.66 was recorded on 09/11/24. SMA at 50 days reached $42.37, while 200 days put it at $46.93.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 39.92, which if violated will result in even more drops to 39.52. On the upside, there is a resistance level at 40.66. A further resistance level may holdings at 40.99. The Relative Strength Index (RSI) on the 14-day chart is 38.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.68%. Stochastics %K at 5.76% indicates the stock is a buying.
How much short interest is there in Schlumberger Ltd?
A steep rise in short interest was recorded in Schlumberger Ltd stocks on 2024-10-15, growing by 75766.0 shares to a total of 38.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 38.64 million shares. There was a rise of 0.2%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 09, 2023 when Societe Generale began covering the stock and recommended ‘”a Buy”‘ rating along with a $81 price target.
