Transocean Ltd. (RIG) : Investors lapped up stocks on upticks to the tune of $25.16 million in the Fridays trading session. The trading value on downticks was comparatively at $23.98 million and the uptick to downtick ratio of 1.05 indicates continuous buying by the bulls. The net money flow into the stock was $1.18 million. The block trades were dominated by the bulls with a healthy 1.76, uptick to downtick ratio. Only $2.2 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $3.86 clearly indicating buying by large investors. The total money flow for block trades stood at $1.67 million, which is a positive for the stock in the long-term. Transocean Ltd. (RIG) fell $0.65 during the day at $11.49, a drop of -5.32% over the previous days close. However, for the week, the stock is -5.47%, compared to the previous week.
Transocean Ltd. (RIG) : 13 investment research analysts covering Transocean Ltd. (RIG) have an average price target of $8.65 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $3 for the short term. Analysts expect the variance to be within $2.99 of the average price.
Transocean Ltd. (NYSE:RIG): On Fridays trading session , Opening price of the stock was $12.2 with an intraday high of $12.23. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.36. However, the stock managed to close at $11.38, a loss of 6.18% for the day. On the previous day, the stock had closed at $12.13. The total traded volume of the day was 20,482,721 shares.
In a related news,The officer (SVP and General Counsel) of Transocean Ltd., Sjobring Lars sold 5,324 shares at $14.4 on September 23, 2015. The Insider selling transaction had a total value worth of $76,666. The Insider information was disclosed 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.