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Shares of Schlumberger Ltd. SLB shed 6.77% to $34.98 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.95% to 3,795.73 and the Dow Jones Industrial Average DJIA rising 0.64% to 30,677.36. This was the stock's second consecutive day of losses. Schlumberger Ltd. closed $14.85 below its 52-week high ($49.83), which the company achieved on June 8th.
The stock underperformed when compared to some of its competitors Thursday, as Baker Hughes Co. BKR fell 2.91% to $28.66, Halliburton Co. HAL fell 6.39% to $30.04, and NOV Inc. NOV fell 5.22% to $15.60. Trading volume (28.2 M) eclipsed its 50-day average volume of 14.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 23, 2022.
(END) Dow Jones Newswires
June 23, 2022 17:20 ET (21:20 GMT)
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