DJ Schlumberger Ltd. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Schlumberger Ltd. $(SLB)$ slid 1.42% to $38.81 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.
The stock's fall snapped a seven-day winning streak.
Schlumberger Ltd. closed $16.88 short of its 52-week high ($55.69), which the company achieved on March 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Baker Hughes Co. $(BKR)$ rose 0.09% to $43.44, Halliburton Co. $(HAL)$ fell 2.59% to $27.03, and NOV Inc. $(NOV)$ fell 1.81% to $14.62.
Trading volume (11.2 M) remained 498,374 below its 50-day average volume of 11.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.
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(END) Dow Jones Newswires
January 08, 2025 16:52 ET (21:52 GMT)
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