Schlumberger Ltd. Stock Falls Tuesday, Underperforms Market
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Shares of Schlumberger Ltd. SLB slipped 6.51% to $33.33 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.16% to 3,831.39 and the Dow Jones Industrial Average DJIA falling 0.42% to 30,967.82. This was the stock's fourth consecutive day of losses. Schlumberger Ltd. closed $16.50 below its 52-week high ($49.83), which the company reached on June 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Baker Hughes Co. BKR fell 3.06% to $28.20, Halliburton Co. HAL fell 8.08% to $28.89, and NOV Inc. NOV fell 5.38% to $15.99. Trading volume (17.5 M) eclipsed its 50-day average volume of 14.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 5, 2022.
(END) Dow Jones Newswires
July 05, 2022 17:21 ET (21:21 GMT)
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