Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.94 million following the completion of this transaction.
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 $7.87 million.
As published in a research note from Evercore ISI on January 15, 2025, Schlumberger Ltd [SLB] has been rated down from an Outperform to an In-line and the price target has been revised to $44 from $62. Analysts at Griffin Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of December 19, 2024, Piper Sandler has initiated its “Neutral” rating for SLB. Earlier on October 21, 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 5.87%. Over the course of the year, Schlumberger Ltd shares have jumped approximately 7.17%. Shares of the company reached a 52-week high of $41.22 on 01/16/25 and a 52-week low of $38.03 on 01/03/25. A 50-day SMA is recorded $41.03, while a 200-day SMA reached $44.58. Nevertheless, trading volume fell to 16.06 million shares from 11.88 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 40.54, which, if violated, would cause prices to drop to 39.99. In the upper region, resistance lies at 41.43. The next price resistance is at 41.77. RSI (Relative Strength Index) is 61.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.56, which suggests the price will increase in the coming days. Percent R is at 3.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
