Schlumberger Ltd’s filing revealed that its Chief Strategy & Mktg Officer Raman Aparna unloaded Company’s shares for reported $1.06 million on Mar 28 ’25. In the deal valued at $42.28 per share,25,133 shares were sold. As a result of this transaction, Raman Aparna now holds 31,031 shares worth roughly $1.05 million.
Then, Raman Aparna bought 25,133 shares, generating $1,062,553 in total proceeds.
Before that, Rennick Gavin sold 26,990 shares. Schlumberger Ltd shares valued at $1,104,431 were divested by the President New Energy at a price of $40.92 per share. As a result of the transaction, Rennick Gavin now holds 53,584 shares, worth roughly $1.82 million.
Wells Fargo upgraded its Schlumberger Ltd [SLB] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Buy”‘ rating for it. Evercore ISI also remained covering SLB and has decreased its forecast on January 15, 2025 with a “an In-line” recommendation from previously “an Outperform” rating. Griffin Securities revised its rating on December 20, 2024. It rated SLB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SLB
On Friday, Schlumberger Ltd [NYSE:SLB] saw its stock jump 4.36% to $33.96. Over the last five days, the stock has lost -2.36%. Schlumberger Ltd shares have fallen nearly -11.42% since the year began. Nevertheless, the stocks have fallen -37.34% over the past one year. While a 52-week high of $54.63 was reached on 01/21/25, a 52-week low of $31.11 was recorded on 04/09/25. SMA at 50 days reached $40.23, while 200 days put it at $42.31.
Levels Of Support And Resistance For SLB Stock
The 24-hour chart illustrates a support level at 32.70, which if violated will result in even more drops to 31.45. On the upside, there is a resistance level at 34.61. A further resistance level may holdings at 35.27. The Relative Strength Index (RSI) on the 14-day chart is 36.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.72%. Stochastics %K at 24.92% 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 2025-03-31, dropping by -8.36 million shares to a total of 69.05 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 77.41 million shares. There was a decline of -12.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 19, 2024 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $47 price target.
