Schlumberger Ltd (SLB US, -1, 25-Oct-24)

Abdellah Merad (EVP, Core Services & Equipment since 2019, joined 1997) sold 60,000 shares on October 24th at $41.90, reducing his holdings by -22% to 212,000 shares. This is his second sale this year, and follows a 50,000 share sale in February at $48.52. 

We ranked this stock -N on July 23rd based on aggressive sales from Kaled Al Mogharbel (EVP, Geographies, joined 2011), Stephane Biguet (CFO since 2020, joined 1995) and Vijay Kasibhatla (Director, M&A) around $50 per share. 

The stock has moved lower and it is concerning to see a large % sale from a key operating officer at a lower price point and while the stock is near its 52-week low. 

We are downgrading the stock further, from -N to -1 (strongly negative signal).