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Shares of Schlumberger Ltd. (SLB) slipped 3.93% to $41.52 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.46% to 3,789.99 and the Dow Jones Industrial Average rising 1.00% to 30,668.53. This was the stock's fifth consecutive day of losses. Schlumberger Ltd. closed $8.31 below its 52-week high ($49.83), which the company achieved on June 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Baker Hughes Co. (BKR) fell 3.61% to $31.74, Halliburton Co. (HAL) fell 2.89% to $35.61, and NOV Inc. (NOV) fell 1.88% to $17.76. Trading volume (15.1 M) eclipsed its 50-day average volume of 12.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 15, 2022.
(END) Dow Jones Newswires
June 15, 2022 17:20 ET (21:20 GMT)
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