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Updated · MarketWatch · May 7SLB Ltd stock outperforms competitors despite falling
6 articles · Updated · MarketWatch · May 7
- Shares dropped 3.92% to $53.00 on Thursday, marking a second straight daily loss as the S&P 500 fell 0.38% and the Dow lost 0.63%.
- SLB still fared better than Baker Hughes, down 4.71%, and NOV, down 4.36%, though Halliburton declined a smaller 3.17%.
- The stock closed 7.34% below its 52-week high of $57.20 reached on 1 May, while trading volume of 16.6 million stayed below its 50-day average.
Geopolitical tensions are driving oil prices sky-high. So why is a top oil services stock like SLB tumbling? With insiders selling and analysts divided, is SLB stock an undervalued gem or a looming value trap? Amidst a market slump, is SLB's billion-dollar AI bet enough to shield it from oil's historic volatility?