Schlumberger NV (SLB): Today's Featured Basic Materials Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Schlumberger (SLB) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 1.5%. By the end of trading, Schlumberger rose 97 cents (1.4%) to $71.18 on light volume. Throughout the day, 1.6 million shares of Schlumberger exchanged hands as compared to its average daily volume of 6.1 million shares. The stock ranged in a price between $70.29-$71.21 after having opened the day at $70.76 as compared to the previous trading day's close of $70.21. Other companies within the Basic Materials sector that increased today were: GeoGlobal Resources (GGR), up 60.6%, Molycorp (MCP), up 19.2%, Richmont Mines (RIC), up 15.3%, and China Shen Zhou Mining & Resources (SHZ), up 13.9%.
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