Transocean Ltd’s recent filing unveils that its EVP, Chief Commercial Officer Mackenzie Roderick James unloaded Company’s shares for reported $86900.0 on Dec 12 ’24. In the deal valued at $3.95 per share,22,000 shares were sold. As a result of this transaction, Mackenzie Roderick James now holds 251,596 shares worth roughly $0.87 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, RODERICK J MACKENZIE bought 88,000 shares, generating $359,920 in total proceeds.
Before that, RODERICK J MACKENZIE bought 37,261 shares. Transocean Ltd shares valued at $163,203 were divested by the Officer at a price of $4.38 per share.
Barclays upgraded its Transocean Ltd [RIG] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “a Neutral”. The Benchmark Company also remained covering RIG and has decreased its forecast on October 15, 2024 with a “Hold” recommendation from previously “Buy” rating. Citigroup revised its rating on September 12, 2024. It rated RIG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RIG
On Monday, Transocean Ltd [NYSE:RIG] saw its stock fall -1.70% to $3.47. Over the last five days, the stock has lost -6.97%. Transocean Ltd shares have fallen nearly -45.35% since the year began. Nevertheless, the stocks have fallen -44.39% over the past one year. While a 52-week high of $6.88 was reached on 04/08/24, a 52-week low of $3.48 was recorded on 12/23/24. SMA at 50 days reached $4.16, while 200 days put it at $5.05.
Levels Of Support And Resistance For RIG Stock
The 24-hour chart illustrates a support level at 3.41, which if violated will result in even more drops to 3.35. On the upside, there is a resistance level at 3.55. A further resistance level may holdings at 3.63. The Relative Strength Index (RSI) on the 14-day chart is 26.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.08%. Stochastics %K at 3.75% indicates the stock is a buying.
How much short interest is there in Transocean Ltd?
A steep rise in short interest was recorded in Transocean Ltd stocks on 2024-11-29, dropping by -4.29 million shares to a total of 145.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 149.41 million shares. There was a decline of -2.96%, which implies that there is a negative sentiment for the stock.
