Schlumberger Ltd. Stock Underperforms Wednesday When Compared To Competitors

Dow Jones05:52

DJ Schlumberger Ltd. Stock Underperforms Wednesday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

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.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

January 08, 2025 16:52 ET (21:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment