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

Transocean Ltd. (NYSE:RIG) managed to stay afloat and traded higher with an addition of 0.22 point or 1.92% at $11.4. The money flow data is a negative $(-4.07) million with $9.31 million in upticks and $13.38 million in downticks. The intraday up/down ratio came in at 0.7. The shares have seen 0.75% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.11 million and the combined worth of the downticks was $2.89, Million, leading to the up/down ratio of 0.04. The block trade saw a net money flow of $(-2.77) million.


The stock has recorded a 20-day Moving Average of 8.71% and the 50-Day Moving Average is 11.25%. The company shares have dropped 34.12% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $17.48 and one year low was seen on February 24, 2016 at $7.67. The 50-day moving average is $10.23 and the 200 day moving average is recorded at $10.4. S&P 500 has rallied 1.93% during the last 52-weeks.

Transocean Ltd. (NYSE:RIG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.12 and $10.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.39, notching a gain of 1.88% for the day. The total traded volume was 9,507,803 . The stock had closed at $11.18 on the previous day.

Currently the company Insiders own 0.17% of Transocean Ltd. shares according to the proxy statements. Institutional Investors own 74.58% of Transocean Ltd. shares. On the companys insider trading activities, 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.

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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