ChampionX Corporation shares fall 2.89% intraday as Schlumberger's merger remedies are approved.

Championx Corporation declined 2.89% in intraday trading. The company is engaged in offering chemistry solutions, artificial lift systems, and engineered equipment and technologies that help companies drill for and produce oil and gas. The recent news event of Schlumberger's ChampionX Merger Remedies Approved may have caused the stock to drop as investors may be uncertain about the future of the company following the merger.