Schlumberger Ltd’s recent filing unveils that its President New Energy Rennick Gavin unloaded Company’s shares for reported $1.1 million on Feb 26 ’25. In the deal valued at $40.92 per share,26,990 shares were sold. As a result of this transaction, Rennick Gavin now holds 53,584 shares worth roughly $2.22 million.
Then, Rennick Gavin bought 26,990 shares, generating $1,104,496 in total proceeds.
Before that, Rando Bejar Carmen sold 5,524 shares. Schlumberger Ltd shares valued at $223,252 were divested by the Chief People Officer at a price of $40.41 per share. As a result of the transaction, Rando Bejar Carmen now holds 30,829 shares, worth roughly $1.28 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 jump 4.05% to $41.37. Over the last five days, the stock has lost -0.70%. Schlumberger Ltd shares have risen nearly 7.90% since the year began. Nevertheless, the stocks have fallen -16.69% 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 $40.50, while 200 days put it at $43.04.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 40.20, which if violated will result in even more drops to 39.02. On the upside, there is a resistance level at 42.21. A further resistance level may holdings at 43.04. The Relative Strength Index (RSI) on the 14-day chart is 52.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.56%. Stochastics %K at 41.24% indicates the stock is a holding.
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.
