Check Out What Whales Are Doing With SLB
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Schlumberger Limited (NYSE:SLB) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $50.0 to $70.0 for SLB over the last 3 months. The price of SLB is up 1.83% at $61.88. Susquehanna, Piper Sandler, and UBS have maintained their positive ratings on SLB with price targets of $72, $77, and $73 respectively.
September 12, 2023 | 6:15 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Schlumberger Limited (NYSE:SLB), which could potentially impact the stock's price. Analysts from Susquehanna, Piper Sandler, and UBS have maintained their positive ratings on SLB.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests that there may be a potential downside for SLB's stock price in the short term. However, the positive ratings maintained by Susquehanna, Piper Sandler, and UBS could provide some support to the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100