Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Transocean Ltd shares valued at $359,920 were purchased by RODERICK J MACKENZIE on Dec 12 ’24. At $4.09 per share, RODERICK J MACKENZIE acquired 88,000 shares.
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Also, RODERICK J MACKENZIE purchased 37,261 shares, netting a total of over 163,203 in proceeds.
Before that, Mackenzie Roderick James had sold 37,261 shares from its account. In a trade valued at $163,203, the EVP, Chief Commercial Officer traded Transocean Ltd shares for $4.38 each. Upon closing the transaction, the insider’s holdings decreased to 37,261 shares, worth approximately $1.08 million.
As published in a research note from JP Morgan on December 06, 2024, Transocean Ltd [RIG] has been rated up from an Underweight to a Neutral and the price target has been revised to $5. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid October. As of September 12, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for RIG. Earlier on September 03, 2024, DNB Markets upgraded its rating. Their new recommendation was “a Buy” for RIG stock which previously was a “a Hold”.
Analyzing RIG Stock Performance
During the last five days, there has been a drop of approximately -5.52%. Over the course of the year, Transocean Ltd shares have dropped approximately -37.95%. Shares of the company reached a 52-week high of $6.88 on 04/08/24 and a 52-week low of $3.85 on 09/10/24. A 50-day SMA is recorded $4.27, while a 200-day SMA reached $5.10. Nevertheless, trading volume fell to 16.41 million shares from 24.18 million shares the previous day.
Support And Resistance Levels for Transocean Ltd (RIG)
According to the 24-hour chart, there is a support level at 3.88, which, if violated, would cause prices to drop to 3.82. In the upper region, resistance lies at 4.03. The next price resistance is at 4.12. RSI (Relative Strength Index) is 38.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 95.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
