Schlumberger Ltd. Stock Falls Friday, Underperforms Market

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Schlumberger Ltd. Stock Falls Friday, Underperforms Market

5:21 pm ET July 1, 2022 (MarketWatch) Print

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

Shares of Schlumberger Ltd. SLB slumped 0.31% to $35.65 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.06% to 3,825.33 and the Dow Jones Industrial Average DJIA rising 1.05% to 31,097.26. This was the stock's third consecutive day of losses. Schlumberger Ltd. closed $14.18 short of its 52-week high ($49.83), which the company reached on June 8th.

The stock underperformed when compared to some of its competitors Friday, as Baker Hughes Co. BKR rose 0.76% to $29.09, Halliburton Co. HAL rose 0.22% to $31.43, and NOV Inc. NOV fell 0.06% to $16.90. Trading volume (10.8 M) remained 4.1 million below its 50-day average volume of 14.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled July 1, 2022.

(END) Dow Jones Newswires

July 01, 2022 17:21 ET (21:21 GMT)