Schlumberger N.V. (SLB) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $95.98 million worth of transactions were on upticks, whereas, the downticks accounted for $77.66 million worth of transactions. The net money flow was a positive $18.32 million and the uptick to downtick ratio was 1.24. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.18 in their favor. The net money flow into the stock was $17.17 million. The value of block trades done on downticks was only $14.54 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $31.71 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Schlumberger N.V. (SLB) was trading at $78.96, down $0.04 during day. The stock slid -0.05% over the previous days close. For the week, the stock recorded -2.4% over the previous weeks close.
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 -24.77% . Institutional Investors own 78.69% of Schlumberger N.V. shares. During last six month period, the net percent change held by insiders has seen a change of -19.3%.
In a related news,The director of Schlumberger Ltd /Nv/, Marks Michael E sold 13,600 shares at $81.19 on August 29, 2016. The Insider selling transaction had a total value worth of $1,104,184. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Schlumberger N.V. (NYSE:SLB): The stock opened at $79.25 and touched an intraday high of $79.7 on Friday. During the day, the stock corrected to an intraday low of $78.505, however, the bulls stepped in and pushed the price higher to close in the green at $78.55 with a gain of 0.11% for the day. The total traded volume for the day was 4,912,088. The stock had closed at $78.46 in the previous trading session.
Schlumberger N.V. (SLB) : During the past 4 weeks, traders have been relatively bearish on Schlumberger N.V. (SLB), hence the stock is down -3.14% 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 -3.39% relative to the S&P 500. The 4-week change in the price of the stock is -3.26% and the stock has fallen -2.9% in the past 1 week.
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.