July 26, 2016 - 7:13 PM EDT
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Schlumberger N.V. (SLB) Dives 1.41% in Morning Session on July 26

Schlumberger N.V. (SLB) lost ground during morning trading on July 26 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of SLB have fallen 1.41% to $79.57 after closing the day prior at $80.71. So far, the stock has traded as high as $80.5 and as low as $78.95. Today's decline has come with about 4.81 million shares changing hands, compared to an average 30-day volume of 5.8 million for Schlumberger N.V.. The price is currently below the 30-day volume weighted average price of $79.71 for SLB. The share depreciation gives the company a market capitalization of $101.08 billion based upon 1.25 billion shares outstanding. It also means that SLB has a price-to-book ratio of 2.86:1. In the past 52 weeks, shares of SLB have traded as low as $59.6 and as high as $85.12. Technical traders will take note that at $79.57, shares of SLB are trading above their 200-day MA at $73.79 and above their 50-day MA at $77.56. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is SLB? Schlumberger Ltd is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry. Its business segments are Reservoir Characterization Group, Drilling Group and Production Group. The company’s employees are led by CEO Paal Kibsgaard from the corporate headquarters at 5599 San Felipe in Houston, TX. For more information on SLB and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (July 26, 2016 - 7:13 PM EDT)

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