Schlumberger: Hits a New 52-Week High

The company is now down from yesterday’s close of $65.74. Shares of the company are trading at $65.13 a tad below $68.98, the 50 day moving average and which is marginally lower than the 200 day moving average of $77.62. The 50 day moving average went down by -5.58% whereas the 200 day average was down by -16.09%.

Schlumberger N.V. (NYSE:SLB) has been the object of insider selling activity recently. Tore I. Sandvold, Director reported the sale of 5,000 shares. The shares were purchased at an average price of $69.82. The Director now owns $349,100 of the stock according to the SEC filing. Director Tore I. Sandvold sold 5,000 shares at an average price of $81.54 on March 1st. Sandvold now owns $631,935 of stock per an SEC filing yesterday.

EVP Technology Ashok Belani let go of 46,577 shares at an average price of $85.50 on Wed the 21st. The EVP Technology now owns $6,760,058 of the stock as reported to the SEC.

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