Transocean Ltd’s filing revealed 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 $1.0 million.
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 Friday, Transocean Ltd [NYSE:RIG] saw its stock jump 0.25% to $3.96. Over the last five days, the stock has gained 10.92%. Transocean Ltd shares have risen nearly 5.60% since the year began. Nevertheless, the stocks have fallen -36.13% over the past one year. While a 52-week high of $6.88 was reached on 01/03/25, a 52-week low of $3.40 was recorded on 01/02/25. SMA at 50 days reached $4.09, while 200 days put it at $4.98.
Levels Of Support And Resistance For RIG Stock
The 24-hour chart illustrates a support level at 3.88, which if violated will result in even more drops to 3.81. On the upside, there is a resistance level at 4.02. A further resistance level may holdings at 4.09. The Relative Strength Index (RSI) on the 14-day chart is 53.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.20%. Stochastics %K at 74.14% 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 2024-12-13, growing by 2.36 million shares to a total of 149.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 147.49 million shares. There was a rise of 1.57%, which implies that there is a positive sentiment for the stock.
