Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Schlumberger Ltd shares valued at $335,502 were sold by de La Chevardiere Patrick on Sep 04 ’24. At $41.94 per share, de La Chevardiere Patrick sold 8,000 shares. The insider’s holdings dropped to 22,811 shares worth approximately $0.86 million following the completion of this transaction.
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Also, de La Chevardiere Patrick sold 2,000 shares, netting a total of over 94,554 in proceeds. Following the sale of shares at $47.28 each, the insider now holds 30,811 shares.
Before that, Biguet Stephane had sold 11,520 shares from its account. In a trade valued at $512,294, the EVP & CFO traded Schlumberger Ltd shares for $44.47 each. Upon closing the transaction, the insider’s holdings decreased to 11,520 shares, worth approximately $7.23 million.
As published in a research note from Griffin Securities on December 20, 2024, Schlumberger Ltd [SLB] has been rated down from a Buy to a Neutral. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of October 21, 2024, TD Cowen has reiterated its “Buy” rating for SLB. Earlier on July 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 drop of approximately -3.16%. Over the course of the year, Schlumberger Ltd shares have dropped approximately -27.56%. Shares of the company reached a 52-week high of $55.69 on 03/28/24 and a 52-week low of $36.52 on 12/19/24. A 50-day SMA is recorded $41.80, while a 200-day SMA reached $45.62. Nevertheless, trading volume fell to 4.56 million shares from 10.26 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 37.16, which, if violated, would cause prices to drop to 36.58. In the upper region, resistance lies at 38.04. The next price resistance is at 38.34. RSI (Relative Strength Index) is 30.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.21, which suggests the price will decrease in the coming days. Percent R is at 81.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
