Large Outflow of Money Witnessed in Transocean Ltd.

Transocean Ltd. (RIG): The stock had negative money flow to the tune of ($8.54 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $12.98 million, whereas, the outflow of money on downticks was $21.52 million and the ratio between the two was 0.6. The block trade had a negative net money flow of ($7.13 million). The total block trade value undertaken on upticks was $1.66 million. On the other hand, downticks amounted to $8.79 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.19. Transocean Ltd. (RIG) closed with marginal gains of 8 cents to end the day at $9.63, an increase of 0.84% over the previous days close. The stock recorded -4.56% for the week.


The company Insiders own 0.17% of Transocean Ltd. shares according to the proxy statements. Institutional Investors own 71.61% of Transocean Ltd. shares.

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. (NYSE:RIG): The stock opened at $9.61 and touched an intraday high of $9.85 on Friday. During the day, the stock corrected to an intraday low of $9.61, however, the bulls stepped in and pushed the price higher to close in the green at $9.63 with a gain of 0.84% for the day. The total traded volume for the day was 9,961,654. The stock had closed at $9.55 in the previous trading session.

Transocean Ltd. (RIG) : During the past 4 weeks, traders have been relatively bearish on Transocean Ltd. (RIG), hence the stock is down -12.5% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.04% relative to the S&P 500. The 4-week change in the price of the stock is -12.61% and the stock has fallen -4.56% in the past 1 week.

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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