Schlumberger Ltd’s recently made public that its Director de La Chevardiere Patrick unloaded Company’s shares for reported $0.34 million on Sep 04 ’24. In the deal valued at $41.94 per share,8,000 shares were sold. As a result of this transaction, de La Chevardiere Patrick now holds 22,811 shares worth roughly $0.85 million.
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Then, de La Chevardiere Patrick sold 2,000 shares, generating $94,554 in total proceeds. Upon selling the shares at $47.28, the Director now owns 30,811 shares.
Before that, Biguet Stephane sold 11,520 shares. Schlumberger Ltd shares valued at $512,294 were divested by the EVP & CFO at a price of $44.47 per share. As a result of the transaction, Biguet Stephane now holds 191,556 shares, worth roughly $7.14 million.
Griffin Securities downgraded its Schlumberger Ltd [SLB] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. TD Cowen also remained covering SLB and reiterated its “Buy” recommendation on October 21, 2024. TD Cowen maintained its rating on July 22, 2024. It rated SLB as “a Buy”.
Price Performance Review of SLB
On Monday, Schlumberger Ltd [NYSE:SLB] saw its stock jump 1.17% to $37.26. Over the last five days, the stock has lost -6.57%. Schlumberger Ltd shares have fallen nearly -28.40% since the year began. Nevertheless, the stocks have fallen -29.14% over the past one year. While a 52-week high of $55.69 was reached on 03/28/24, a 52-week low of $36.52 was recorded on 12/19/24. SMA at 50 days reached $41.93, while 200 days put it at $45.69.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 36.81, which if violated will result in even more drops to 36.37. On the upside, there is a resistance level at 37.54. A further resistance level may holdings at 37.83. The Relative Strength Index (RSI) on the 14-day chart is 26.30, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.31%. Stochastics %K at 6.60% 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 2024-11-29, dropping by -2.43 million shares to a total of 40.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 43.23 million shares. There was a decline of -5.96%, which implies that there is a negative sentiment for the stock.
