Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Schlumberger Ltd shares valued at $512,294 were sold by Biguet Stephane on Nov 13 ’24. At $44.47 per share, Biguet Stephane sold 11,520 shares. The insider’s holdings dropped to 191,556 shares worth approximately $8.36 million following the completion of this transaction.
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Also, Biguet Stephane purchased 11,520 shares, netting a total of over 512,294 in proceeds.
Before that, Merad Abdellah had sold 60,000 shares from its account. In a trade valued at $2,514,000, the EVP, Core Services & Equipment traded Schlumberger Ltd shares for $41.90 each. Upon closing the transaction, the insider’s holdings decreased to 60,000 shares, worth approximately $9.25 million.
As published in a research note from TD Cowen on October 21, 2024, Schlumberger Ltd [SLB] has been retained to a Buy and the price target has been revised to $65. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late July. As of April 29, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for SLB. Earlier on April 22, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for SLB stock.
Analyzing SLB Stock Performance
During the last five days, there has been a surge of approximately 0.30%. Over the course of the year, Schlumberger Ltd shares have dropped approximately -16.10%. Shares of the company reached a 52-week high of $55.69 on 03/28/24 and a 52-week low of $38.66 on 09/11/24. A 50-day SMA is recorded $42.93, while a 200-day SMA reached $46.42. Nevertheless, trading volume fell to 8.27 million shares from 11.19 million shares the previous day.
Support And Resistance Levels for Schlumberger Ltd (SLB)
According to the 24-hour chart, there is a support level at 43.33, which, if violated, would cause prices to drop to 43.01. In the upper region, resistance lies at 44.14. The next price resistance is at 44.63. RSI (Relative Strength Index) is 54.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 53.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
