Schlumberger Ltd’s recent filing unveils that its Chief People Officer Rando Bejar Carmen unloaded Company’s shares for reported $0.22 million on Jan 31 ’25. In the deal valued at $40.41 per share,5,524 shares were sold. As a result of this transaction, Rando Bejar Carmen now holds 30,829 shares worth roughly $1.24 million.
Then, Rando Bejar Carmen bought 5,524 shares, generating $223,252 in total proceeds.
Before that, Merad Abdellah sold 60,000 shares. Schlumberger Ltd shares valued at $2,486,400 were divested by the EVP, Core Services & Equipment at a price of $41.44 per share. As a result of the transaction, Merad Abdellah now holds 210,502 shares, worth roughly $8.48 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 Friday, Schlumberger Ltd [NYSE:SLB] saw its stock fall -1.80% to $40.28. Over the last five days, the stock has lost -4.66%. Schlumberger Ltd shares have risen nearly 5.06% since the year began. Nevertheless, the stocks have fallen -18.38% 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 $40.82, while 200 days put it at $43.98.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 39.66, which if violated will result in even more drops to 39.03. On the upside, there is a resistance level at 41.10. A further resistance level may holdings at 41.91. The Relative Strength Index (RSI) on the 14-day chart is 46.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.49%. Stochastics %K at 35.62% indicates the stock is a holding.
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.
