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 $223,252 were sold by Rando Bejar Carmen on Jan 31 ’25. At $40.41 per share, Rando Bejar Carmen sold 5,524 shares. The insider’s holdings dropped to 30,829 shares worth approximately $1.26 million following the completion of this transaction.
Also, Rando Bejar Carmen purchased 5,524 shares, netting a total of over 223,252 in proceeds.
Before that, Merad Abdellah had sold 60,000 shares from its account. In a trade valued at $2,486,400, the EVP, Core Services & Equipment traded Schlumberger Ltd shares for $41.44 each. Upon closing the transaction, the insider’s holdings decreased to 60,000 shares, worth approximately $8.59 million.
As published in a research note from TD Cowen on January 21, 2025, Schlumberger Ltd [SLB] has been retained to a Buy and the price target has been revised to $55. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid January. As of December 20, 2024, Griffin Securities has decreased its “Buy” rating to a “Neutral” for SLB. Earlier on December 19, 2024, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for SLB stock.
Analyzing SLB Stock Performance
During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, Schlumberger Ltd shares have jumped approximately 6.44%. Shares of the company reached a 52-week high of $44.66 on 01/21/25 and a 52-week low of $38.03 on 01/03/25. A 50-day SMA is recorded $40.66, while a 200-day SMA reached $43.83. Nevertheless, trading volume fell to 15.17 million shares from 12.75 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 40.30, which, if violated, would cause prices to drop to 39.78. In the upper region, resistance lies at 41.23. The next price resistance is at 41.64. RSI (Relative Strength Index) is 50.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 75.42%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
