Transocean Ltd’s filing revealed that its Director Perestroika acquired Company’s shares for reported $6.2 million on Sep 12 ’24. In the deal valued at $4.13 per share,1,500,000 shares were bought. As a result of this transaction, Perestroika now holds 91,074,894 shares worth roughly $404.37 million.
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Then, Perestroika (Cyprus) Ltd bought 1,500,000 shares, generating $6,195,000 in total proceeds. Upon buying the shares at $4.13, the Director now owns 91,074,894 shares.
Before that, Mohn Frederik Wilhelm bought 1,500,000 shares. Transocean Ltd shares valued at $6,195,000 were divested by the Director at a price of $4.13 per share. As a result of the transaction, Mohn Frederik Wilhelm now holds 91,074,894 shares, worth roughly $404.37 million.
Citigroup downgraded its Transocean Ltd [RIG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DNB Markets’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Susquehanna also remained covering RIG and has increased its forecast on April 08, 2024 with a “Positive” recommendation from previously “Neutral” rating. CapitalOne started covering the stock on November 28, 2023. It rated RIG as “an Equal weight”.
Price Performance Review of RIG
On Monday, Transocean Ltd [NYSE:RIG] saw its stock jump 7.51% to $4.44. Over the last five days, the stock has gained 6.73%. Transocean Ltd shares have fallen nearly -30.08% since the year began. Nevertheless, the stocks have fallen -48.73% over the past one year. While a 52-week high of $8.88 was reached on 04/08/24, a 52-week low of $3.85 was recorded on 09/10/24. SMA at 50 days reached $5.01, while 200 days put it at $5.52.
Levels Of Support And Resistance For RIG Stock
The 24-hour chart illustrates a support level at 4.25, which if violated will result in even more drops to 4.05. On the upside, there is a resistance level at 4.55. A further resistance level may holdings at 4.65. The Relative Strength Index (RSI) on the 14-day chart is 45.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.92%. Stochastics %K at 32.37% indicates the stock is a holding.
How much short interest is there in Transocean Ltd?
A steep rise in short interest was recorded in Transocean Ltd stocks on 2024-08-30, dropping by -2.35 million shares to a total of 159.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 161.46 million shares. There was a decline of -1.48%, which implies that there is a negative sentiment for the stock.
