Check Out What Whales Are Doing With SLB
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Schlumberger Limited (NYSE:SLB), with 54% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $52.5 to $70.0 for SLB over the last 3 months. Currently, the price of SLB is down -0.66% at $58.37. Societe Generale downgraded its action to Buy with a price target of $81, while Citigroup maintained their Buy rating on SLB with a price target of $70.
October 12, 2023 | 8:30 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on Schlumberger Limited (NYSE:SLB), with more investors opening bearish trades. The current price is down -0.66% at $58.37.
The bearish stance taken by a whale investor, along with the majority of investors opening bearish trades, indicates a negative sentiment towards SLB. This, coupled with the current price drop, suggests a potential short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100