Schlumberger Ltd’s recently made public that its Chief Legal Officer & Sec Ralston Dianne B. unloaded Company’s shares for reported $1.9 million on Jan 21 ’25. In the deal valued at $43.96 per share,43,161 shares were sold. As a result of this transaction, Ralston Dianne B. now holds 235,024 shares worth roughly $10.28 million.
Then, Kasibhatla Vijay sold 25,000 shares, generating $1,098,500 in total proceeds. Upon selling the shares at $43.94, the Director, M&A now owns 49,595 shares.
Before that, Al Mogharbel Khaled sold 123,097 shares. Schlumberger Ltd shares valued at $5,427,156 were divested by the EVP, Geographies at a price of $44.09 per share. As a result of the transaction, Al Mogharbel Khaled now holds 184,626 shares, worth roughly $8.08 million.
TD Cowen reiterated its Schlumberger Ltd [SLB] rating to a Buy in a research note published on January 21, 2025; the price target was $55. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “an In-line”. Griffin Securities also remained covering SLB and has decreased its forecast on December 20, 2024 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler started covering the stock on December 19, 2024. It rated SLB as “a Neutral”.
Price Performance Review of SLB
On Tuesday, Schlumberger Ltd [NYSE:SLB] saw its stock jump 0.37% to $43.74. Over the last five days, the stock has gained 9.76%. Schlumberger Ltd shares have risen nearly 14.08% since the year began. Nevertheless, the stocks have fallen -9.93% over the past one year. While a 52-week high of $55.69 was reached on 01/21/25, a 52-week low of $36.52 was recorded on 01/03/25. SMA at 50 days reached $41.16, while 200 days put it at $44.47.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 43.17, which if violated will result in even more drops to 42.60. On the upside, there is a resistance level at 44.49. A further resistance level may holdings at 45.23. The Relative Strength Index (RSI) on the 14-day chart is 73.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.40%. Stochastics %K at 87.46% indicates the stock is a selling.
How much short interest is there in Schlumberger Ltd?
A steep rise in short interest was recorded in Schlumberger Ltd stocks on 2024-12-31, growing by 9.16 million shares to a total of 49.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 40.8 million shares. There was a rise of 18.33%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 21, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $65.
