Transocean Ltd. (RIG) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $11.23 million worth of transactions were on upticks, whereas, the downticks accounted for $8.73 million worth of transactions. The net money flow was a positive $2.5 million and the uptick to downtick ratio was 1.29. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 6.02 in their favor. The net money flow into the stock was $3.23 million. The value of block trades done on downticks was only $0.64 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $3.88 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Transocean Ltd. (RIG) was trading at $12.12, down $0.04 during day. The stock slid -0.29% over the previous days close. For the week, the stock recorded -0.21% over the previous weeks close.
Transocean Ltd. is up 25.74% in the last 3-month period. Year-to-Date the stock performance stands at -0.97%. Shares of Transocean Ltd. rose by 4.07% in the last five trading days and 16.54% for the last 4 weeks. 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): stock turned positive on Monday. Though the stock opened at $12.2, the bulls momentum made the stock top out at $12.27 level for the day. The stock recorded a low of $11.885 and closed the trading day at $12.26, in the green by 0.91%. The total traded volume for the day was 10,765,452. The stock had closed at $12.15 in the previous days trading.
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.