Large Outflow of Money Witnessed in Transocean Ltd.

Transocean Ltd. (RIG) : Wednesdays money flow analysis of Transocean Ltd. (RIG) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $64.43 million. In comparison, the inflow of money on upticks was a meager $55.57 million. The dollar value of composite uptick trades minus the downtick trades was negative $8.86 million. The uptick to downtick ratio of 0.86 in the money flow shows weakness. The uptick block trades were valued at $11.58 million. The downtick transaction value was high at $23.78 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.49. Hence, the net money flow in the stock was negative ($12.2 million). Transocean Ltd. (RIG) gained $0.6 at $10.02, a change of 6.37% over the previous days close.


Shares of Transocean Ltd. appreciated by 9.63% during the last five trading days but lost 0.89% on a 4-week basis. Transocean Ltd. has dropped 13.77% during the last 3-month period . Year-to-Date the stock performance stands at -19.06%.

Transocean Ltd. (RIG) : 2 brokerage houses believe that Transocean Ltd. (RIG) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Transocean Ltd. (RIG). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 7 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Sell with a rating of 3.51.

Transocean Ltd. (NYSE:RIG): The stock opened at $9.45 and touched an intraday high of $10.27 on Wednesday. During the day, the stock corrected to an intraday low of $9.27, however, the bulls stepped in and pushed the price higher to close in the green at $10.02 with a gain of 6.37% for the day. The total traded volume for the day was 42,936,344. The stock had closed at $9.42 in the previous trading session.

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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