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

Transocean Ltd. (RIG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.33 million) in Transocean Ltd. (RIG). On Thursday, The value of composite uptick trades was $13.35 million, whereas, the value of composite downtick trades was $19.68 million and the ratio between the two was 0.68, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.7 million. $0.5 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.11. The negative money flow of ($4.2 million) shows selling on strength. Transocean Ltd. (RIG) gained $0.02 intraday at $12.48 and registrered 0.12% for the week.


The stock has recorded a 20-day Moving Average of 6.51% and the 50-Day Moving Average is 15.7%. Shares have dropped -20.94% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $17.19 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $10.98 and the 200 Day Moving Average price is recorded at $10.27.

Transocean Ltd. (NYSE:RIG): The stock opened at $12.69 on Thursday but the bulls could not build on the opening and the stock topped out at $12.81 for the day. The stock traded down to $12.32 during the day, due to lack of any buying support eventually closed down at $12.41 with a loss of -0.40% for the day. The stock had closed at $12.46 on the previous day. The total traded volume was 10,713,590 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Sjobring Lars, officer (SVP and General Counsel) of Transocean Ltd., had unloaded 5,324 shares at an average price of $14.4 in a transaction dated on September 23, 2015. The total value of the transaction was worth $76,666.

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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