Large Inflow of Money Detected in Schlumberger N.V.

Schlumberger N.V. (SLB) : On Tuesday, The money flowed into the Schlumberger N.V. (SLB) stock with an uptick to downtick ratio was recorded at 1.19. Transactions worth $124.07 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $104.49 million. The total money flow into the stock was $19.59 million. The block trades reveal a bullish bias with an up-down ratio of 7.55. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $31.1 million of block transactions on upticks. The value of block trades on downticks was $4.12 million, indicating lower selling interest. The total money flow in block trades was $26.98 million. In terms of price action, Schlumberger N.V. (SLB) traded down $0.5 during the session at $80.64. Compared to the previous days closing, the stock was down only by -0.62%. For the week, the stock is -0.32%, over previous weeks closing.


Also, Brokerage firm Nomura maintains its rating on Schlumberger N.V. (NYSE:SLB). As per the latest information, the brokerage house raises the price target to $91 per share from a prior target of $88. The shares have been rated Buy. The rating by the firm was issued on August 16, 2016.

Schlumberger Limited has dropped 1.36% in the last five trading days, however, the shares have posted positive gains of 2.78% in the last 4 weeks. Schlumberger Limited is up 6.3% in the last 3-month period. Year-to-Date the stock performance stands at 17.21%.

Schlumberger N.V. (NYSE:SLB): The stock opened at $81.67 on Tuesday but the bulls could not build on the opening and the stock topped out at $81.90 for the day. The stock traded down to $80.49 during the day, due to lack of any buying support eventually closed down at $80.64 with a loss of -0.62% for the day. The stock had closed at $81.14 on the previous day. The total traded volume was 7,873,565 shares.

In a related news, The officer (Chief Financial Officer), of Schlumberger Ltd /Nv/, Ayat Simon had unloaded 50,000 shares at $83.68 per share in a transaction on August 18, 2016. The total value of transaction was $4,184,000. 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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