Large Inflow of Money Detected in Transocean Ltd.

Transocean Ltd. (RIG) : On Wednesday, The money flowed into the Transocean Ltd. (RIG) stock with an uptick to downtick ratio was recorded at 1.18. Transactions worth $13.1 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $11.1 million. The total money flow into the stock was $2 million. The block trades reveal a bullish bias with an up-down ratio of 2.75. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $3.45 million of block transactions on upticks. The value of block trades on downticks was $1.25 million, indicating lower selling interest. The total money flow in block trades was $2.2 million. In terms of price action, Transocean Ltd. (RIG) traded down $0.01 during the session at $12.08. Compared to the previous days closing, the stock was down only by -0.08%. For the week, the stock is -0.58%, over previous weeks closing.


Also, Equity Analysts at the Brokerage Firm, Evercore ISI Group, upgrades their rating on the shares of Transocean Ltd. (NYSE:RIG). Evercore ISI Group has a Hold rating on the shares. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on June 29, 2016.

Transocean Ltd. (NYSE:RIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.99 and $11.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.15, notching a gain of 0.50% for the day. The total traded volume was 12,341,368 . The stock had closed at $12.09 on the previous day.

The stock has recorded a 20-day Moving Average of 2.08% and the 50-Day Moving Average is 11.71%. In a related news, The officer (SVP and General Counsel), of Transocean Ltd., Sjobring Lars had unloaded 5,324 shares at $14.4 per share in a transaction on September 23, 2015. The total value of transaction was $76,666. The Insider information was revealed by 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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