Shares of Transocean Ltd. (NYSE:RIG) Sees Large Outflow of Money

Transocean Ltd. (NYSE:RIG) : The value of composite uptick trades was $13.78 million, whereas, the value of composite downtick trades was $17.15 million. The uptick to downtick ratio stood at 0.8 with a negative money flow of ($3.37) Million during Wednesdays trading session. The block trades money flow was negative ($2.72 million).The uptick to the downtick ratio of 0.32 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.3 million. The transaction of the trades on downticks amounted to $4.02 million, which confirms investors selling on the strength of price. Transocean Ltd. (NYSE:RIG) gained 57 cents at $11.61, an increase of 5.16% over the previous days close.


In an insider trading activity, Sjobring Lars, officer (SVP and General Counsel) of Transocean Ltd., unloaded 5,324 shares at an average price of $14.4 on September 23, 2015. The total amount of the transaction was worth $76,666, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.17% of Transocean Ltd. shares according to the proxy statements. Institutional Investors own 74.39% of Transocean Ltd. shares.

The company shares have dropped -29.19% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $17.19 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $10.39 and the 200 Day Moving Average price is recorded at $10.31. Transocean Ltd. (NYSE:RIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.28 and $11.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.62, notching a gain of 5.25% for the day. The total traded volume was 14,657,004 . The stock had closed at $11.04 on the previous day.

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Companys primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Companys mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services on a worldwide basis. The Company owned or had partial ownership interests in and operated 71 mobile offshore drilling units and its fleet consisted of 44 high-specification floaters (ultra-deepwater, deepwater and harsh environment semisubmersibles and drillships), 17 midwater floaters and 10 high-specification jackups.

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