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

Transocean Ltd. (RIG) : The total money flow in Transocean Ltd. (RIG) was negative ($1.79 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $14.55 million. In comparison, the inflow of money into the stock on upticks was $12.76 million. The uptick to downtick ratio was 0.88. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.74 million. The value of transactions on uptick was $1.67 million. The negative money flow of ($2.08 million) confirms the selling in Transocean Ltd. (RIG) on strength. The uptick to downtick ratio of block trades was 0.45. Transocean Ltd. (RIG) gained $0.61 at $12.51, a gain of 5.13% over the previous days close. However, the stock registered -1.88% in the week.


Transocean Ltd. (RIG) : 12 investment research analysts covering Transocean Ltd. (RIG) have an average price target of $8.46 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $3 for the short term. Analysts expect the variance to be within $2.94 of the average price. The stock has recorded a 20-day Moving Average of 5.05% and the 50-Day Moving Average is 12.88%.

Transocean Ltd. (NYSE:RIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.03 and $11.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.96, notching a gain of 0.50% for the day. The total traded volume was 21,299,173 . The stock had closed at $11.90 on the previous day.

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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