DJ Schlumberger Ltd. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Schlumberger Ltd. $(SLB)$ rose 7.94% to $43.77 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.53% to 5,929.04 and the Dow Jones Industrial Average rising 3.57% to 43,729.93.
This was the stock's third consecutive day of gains.
Schlumberger Ltd. closed $11.92 below its 52-week high ($55.69), which the company reached on March 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Baker Hughes Co. $(BKR)$ rose 10.78% to $42.74, Halliburton Co. $(HAL)$ rose 6.91% to $30.50, and NOV Inc. $(NOV)$ rose 9.10% to $16.79.
Trading volume (25.2 M) eclipsed its 50-day average volume of 13.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 6, 2024.
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(END) Dow Jones Newswires
November 06, 2024 16:50 ET (21:50 GMT)
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