Schlumberger N.V. (SLB) : During the past 4 weeks, traders have been relatively bearish on Schlumberger N.V. (SLB), hence the stock is down -1.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.71% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.77% in the last 1 week, and is up 2.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.71% and the 50-Day Moving Average is 3.47%.
Schlumberger N.V. (NYSE:SLB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.82 and $79.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.35, notching a gain of 0.32% for the day. The total traded volume was 4,723,392 . The stock had closed at $79.10 on the previous day.
The company Insiders own 0.36% of Schlumberger N.V. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.59% . Institutional Investors own 74.36% of Schlumberger N.V. shares. During last six month period, the net percent change held by insiders has seen a change of -13.91%. 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. 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.