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

Schlumberger N.V. (SLB) : The total money flow in Schlumberger N.V. (SLB) was negative ($33.57 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $110.59 million. Transactions on upticks were comparatively lower at $77.01 million. The uptick to downtick ratio was 0.7. The total block trades done on upticks were valued at $3.33 million. The total block trades on downticks were valued at $37.1 million. The uptick to the downtick ratio of block trades was 0.09. The money flow during block trades was negative ($33.78 million) when the stock traded with a gain of $79 cent. Schlumberger N.V. (SLB) was $80.6, an increase of 0.99% over the previous days close.


Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on Schlumberger N.V. (NYSE:SLB). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Jefferies raises the price target from $80 per share to $85 per share. The rating by the firm was issued on July 11, 2016.

Schlumberger N.V. (NYSE:SLB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.43 and $78.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.60, notching a gain of 0.99% for the day. The total traded volume was 5,937,862 . The stock had closed at $79.81 on the previous day.

The stock has recorded a 20-day Moving Average of 2.82% and the 50-Day Moving Average is 4.72%. 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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