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Updated · MarketWatch · Apr 27SLB Ltd. stock falls 1.64% to $55.23, underperforming competitors
6 articles · Updated · MarketWatch · Apr 27
- The decline ended SLB Ltd.'s four-day winning streak, leaving shares 2.93% below their 52-week high of $56.90 reached on April 24.
- On Monday, SLB Ltd. lagged behind rivals as Baker Hughes and Halliburton also fell, while NOV Inc. gained 1.56%.
- Trading volume for SLB Ltd. was 17.1 million, about 1.3 million below its 50-day average, amid a mixed session for major US indices.
Why does one model show SLB is 30% undervalued while its stock is falling? Will today's disruptions lead to a massive windfall for SLB in 2027? Is SLB's NVIDIA deal a sign it's becoming a tech company that drills for oil? Can SLB’s pivot to digital give it a long-term edge over its oilfield rivals? With the Strait of Hormuz closed, just how exposed is SLB to the Middle East war?