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

Transocean Ltd. (RIG) : Money flow in the Transocean Ltd. (RIG) stock was negative (8.71 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $16.39 million, compared to $25.11 million on downticks. The total uptick to downtick ratio was 0.65, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.23 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.55 million. Downtick transaction value in block trades amounted to $4.78 million, indicating persistent selling. The uptick to downtick ratio was 0.32. Transocean Ltd. (RIG) traded $0.53 higher at $10.43 gaining 5.35% over the previous days close.


Transocean Ltd. has lost 7.78% in the last five trading days and dropped 14.16% in the last 4 weeks. Transocean Ltd. is up 10.02% in the last 3-month period. Year-to-Date the stock performance stands at -15.75%.

Transocean Ltd. (NYSE:RIG): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.10 and $10.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.43, notching a gain of 5.35% for the day. The total traded volume was 12,967,364 . The stock had closed at $9.90 on the previous day.

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.

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