Schlumberger Ltd. Stock Outperforms Competitors Despite Losses On The Day

A O Smith Corp

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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 Outperforms Competitors Despite Losses On The Day

5:20 pm ET June 2, 2022 (MarketWatch) Print

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

Shares of Schlumberger Ltd. (SLB) slipped 0.81% to $46.30 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.84% to 4,176.82 and the Dow Jones Industrial Average rising 1.33% to 33,248.28. Schlumberger Ltd. closed $2.39 below its 52-week high ($48.69), which the company reached on May 31st.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Baker Hughes Co. (BKR) fell 1.34% to $36.91, Halliburton Co. (HAL) fell 0.87% to $41.04, and NOV Inc. (NOV) fell 0.49% to $20.18. Trading volume (8.1 M) remained 4.8 million below its 50-day average volume of 13.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 2, 2022.

(END) Dow Jones Newswires

June 02, 2022 17:20 ET (21:20 GMT)