Shares of Schlumberger N.V. (NYSE:SLB) Sees Large Outflow of Money

Schlumberger N.V. (NYSE:SLB) had an volatile session and gained 0.93 points till last call. The price was at $78.52, gaining 1.2% till the last intraday data. The total uptick value was $75.67 million while the total downtick value was $113.21 million. The shares saw a net money flow of $(-37.54) million and the up/down ratio stood at 0.67. The stock has seen a change of of 1.32% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-39.45) million. Almost $12.57 million were received in upticks and approximately $52.02 million were lost in downticks, thereby giving the up/down ratio of 0.24.


The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 2.48%. The company shares have dropped 11.83% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $88.12 and one year low was seen on January 20, 2016 at $59.6. The 50-day moving average is $76.29 and the 200 day moving average is recorded at $72.91. S&P 500 has rallied 1.93% during the last 52-weeks.

Schlumberger N.V. (NYSE:SLB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.50 and $77.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.52, notching a gain of 1.20% for the day. The total traded volume was 5,634,786 . The stock had closed at $77.59 on the previous day.

Currently 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 -10.87% . Institutional Investors own 74.35% of Schlumberger N.V. shares. During last six month period, the net percent change held by insiders has seen a change of -8.47%. On the companys insider trading activities, The director officer (Chief Executive Officer), of Schlumberger Ltd /Nv/, Kibsgaard Paal had unloaded 32,857 shares at $80 per share in a transaction on June 9, 2016. The total value of transaction was $2,628,560. The Insider information was revealed by 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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