Schlumberger N.V. (SLB) : Net money flow in Schlumberger N.V. (SLB) was negative ($7.68 million) and the inflow of money on uptick was $45.02 million, whereas, the outflow of money on downticks amounted to $52.7 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.85. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.88 million. On the other hand, the total value of block trades done on downticks was $11.12 million. The ratio of uptick to downtick block trades was 0.08. The money flow in block trades was negative ($10.25). Schlumberger N.V. (SLB) gained $0.15 cent during the day and reached $79.5, a gain of 0.18% over the previous day.
Schlumberger Limited is up 3.57% in the last 3-month period. Year-to-Date the stock performance stands at 15.85%. Shares of Schlumberger Limited rose by 2.15% in the last five trading days and 4.4% for the last 4 weeks. In a related news, Kibsgaard Paal, director officer (Chief Executive Officer) of Schlumberger Ltd /Nv/, unloaded 32,857 shares at an average price of $80 on June 9, 2016. The total amount of the transaction was worth $2,628,560, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Schlumberger N.V. (NYSE:SLB): stock turned positive on Monday. Though the stock opened at $78.81, the bulls momentum made the stock top out at $79.71 level for the day. The stock recorded a low of $78.4787 and closed the trading day at $79.7, in the green by 0.44%. The total traded volume for the day was 4,333,637. The stock had closed at $79.35 in the previous days trading.
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three Groups, which include Reservoir Characterization Group, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells, and Production Group, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Water Services and the Schlumberger Production Management field production projects.