Large Outflow of Money Witnessed in Schlumberger N.V.

Schlumberger N.V. (SLB) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($13.88 million) and the uptick to downtick ratio was 0.92. The transaction value on upticks was $162.85 million and on downticks, the transaction value was $176.72 million. In block trades, the transaction value of inflow done during uptick was $32.23 million. The transaction value of block trades during downticks was $57.64 million. The uptick to downtick block trade ratio was 0.56. The money flow was negative ($25.41 million), indicating the traders were booking profit on the price strength. Schlumberger N.V. (SLB) rose $1.59 at $81.61, during intraday Friday , a rise of 1.99% over the previous days close.


Schlumberger N.V. (SLB) stock is expected to deviate a maximum of $9.39 from the average target price of $88.21 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $110 and the most muted being $68.

Schlumberger N.V. (NYSE:SLB): stock turned positive on Friday. Though the stock opened at $80.02, the bulls momentum made the stock top out at $81.61 level for the day. The stock recorded a low of $78.87 and closed the trading day at $81.61, in the green by 1.99%. The total traded volume for the day was 10,027,496. The stock had closed at $80.02 in the previous days trading.

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.

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