This Is What Whales Are Betting On Schlumberger
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Schlumberger (NYSE:SLB), as observed through recent options trades. The sentiment is 62% bearish, with a focus on a price range of $37.5 to $57.5. Despite this, analysts maintain a positive outlook with target prices ranging from $54 to $65.
October 29, 2024 | 5:45 pm
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NEGATIVE IMPACT
Large investors have shown a bearish sentiment towards Schlumberger through options trades, with 62% of trades being bearish. Despite this, analysts maintain positive ratings with target prices between $54 and $65.
The bearish sentiment from large investors, as indicated by the options trades, suggests a potential short-term downward pressure on SLB's stock price. However, the positive analyst ratings and target prices indicate a longer-term positive outlook. The immediate impact is likely negative due to the bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100