SPY423.33-0.99 -0.23%
DIA342.65-2.47 -0.72%
IXIC14,130.51+61.09 0.43%

Insider Trends: Selling By Insiders Lingers at Schlumberger

05/07/2021 14:03

05:58 PM EDT, 05/07/2021 (MT Newswires) -- Hinda Gharbi, EVP, Services & Equipment, executed a sale of 30,000 shares of Schlumberger (SLB) on May 06, 2021, for $902,910. Following the Form 4 filing with the SEC, Gharbi has control over 129,480 company shares of which 129,262 shares are held directly and 218 are controlled indirectly. These holdings have an approximate market value of $3.98 million as of the prior-day closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 34 insider transactions reported to the SEC for Schlumberger. These transactions came from the activities of 21 different insiders that resulted in a net disposition of 7,320 company shares. This compares with the preceding 90-day window of time where there were 37 transactions from 16 insiders which resulted in the net acquisition of 50,835 shares.

This is lower than the average level of insider transactions in the 65-company Oil Related Services and Equipment peer group over the last 90-day period. Activity in the peer group averaged 79.5 transactions per company, and disposition of 106,396 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/87347/000112760221015940/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.