Schlumberger Ltd. Stock Underperforms Tuesday When Compared To Competitors

A O Smith Corp

Change company Symbol lookup

Select an option...

AOS A O Smith Corp

TZPS TZP Strategies Acquisition Corp

RCI Rogers Communications Inc

BZUN Baozun Inc

TCNNF Trulieve Cannabis Corp

ENVA Enova International Inc

ZBRA Zebra Technologies Corp

GD General Dynamics Corp

PSA-L Public Storage

INBP Integrated Biopharma Inc

Industrials : Building Products | Mid Cap Blend

Company profile

A. O. Smith Corporation is a provider of water heating and water treatment solutions. The Company operates through two segments: North America and Rest of World. The Rest of World segment is comprised of China, Europe, and India. Both segments manufacture and market a range of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Both segments primarily manufacture and market in their respective regions of the world. The North America segment also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brands in the United States. It sells its Aquasana branded products directly to consumers through e-commerce as well as online retailers. Its water softener branded products and problem well water solutions include Hague, Water-Right, and Master Water, which are sold through water quality dealers.

Schlumberger Ltd. Stock Underperforms Tuesday When Compared To Competitors

5:20 pm ET May 31, 2022 (MarketWatch) Print

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

Shares of Schlumberger Ltd. (SLB) slid 4.32% to $45.96 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.63% to 4,132.15 and Dow Jones Industrial Average falling 0.67% to 32,990.12. The stock's fall snapped a six-day winning streak. Schlumberger Ltd. closed $2.46 below its 52-week high ($48.42), which the company achieved on May 27th.

The stock underperformed when compared to some of its competitors Tuesday, as Baker Hughes Co. (BKR) fell 3.23% to $35.98, Halliburton Co. (HAL) fell 1.79% to $40.50, and NOV Inc. (NOV) fell 0.60% to $20.00. Trading volume (28.7 M) eclipsed its 50-day average volume of 13.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2022.

(END) Dow Jones Newswires

May 31, 2022 17:20 ET (21:20 GMT)