On a relative basis, the stock has outperformed the S&P 500 by 2.93% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.08% in the last 1 week, and is up 7.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.6% and the 50-Day Moving Average is 12.86%.
Transocean Ltd. (NYSE:RIG): The stock opened at $12.61 on Friday but the bulls could not build on the opening and the stock topped out at $12.68 for the day. The stock traded down to $12.13 during the day, due to lack of any buying support eventually closed down at $12.15 with a loss of -2.10% for the day. The stock had closed at $12.41 on the previous day. The total traded volume was 11,340,878 shares.
The company Insiders own 0.17% of Transocean Ltd. shares according to the proxy statements. Institutional Investors own 74.37% 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. 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.