SLB Filed Prospectus Supplement Related To Resale Of Up To 5.1M Shares Of Common Stock By Selling Stockholder
Portfolio Pulse from Charles Gross
Schlumberger Limited (SLB) has filed a prospectus supplement related to the resale of up to 5.1 million shares of common stock by a selling stockholder.
October 25, 2023 | 8:50 pm
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NEGATIVE IMPACT
The filing of a prospectus for the resale of up to 5.1 million shares by a selling stockholder could potentially impact the stock price of Schlumberger Limited (SLB).
The resale of a large number of shares can often lead to a decrease in the stock price due to the increased supply of shares in the market. This could potentially lead to a short-term negative impact on the stock price of SLB.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100