Transocean Ltd’s recent filing unveils that its EVP, Chief Commercial Officer Mackenzie Roderick James unloaded Company’s shares for reported $89100.0 on Jan 10 ’25. In the deal valued at $4.05 per share,22,000 shares were sold. As a result of this transaction, Mackenzie Roderick James now holds 229,596 shares worth roughly $0.93 million.
Then, Mackenzie Roderick James sold 22,000 shares, generating $86,900 in total proceeds. Upon selling the shares at $3.95, the EVP, Chief Commercial Officer now owns 251,596 shares.
Before that, RODERICK J MACKENZIE bought 88,000 shares. Transocean Ltd shares valued at $359,920 were divested by the Officer at a price of $4.09 per share.
Evercore ISI downgraded its Transocean Ltd [RIG] rating to an In-line from a an Outperform in a research note published on January 15, 2025; the price target was decreased to $5 from $6. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. JP Morgan also remained covering RIG and has increased its forecast on December 06, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. The Benchmark Company revised its rating on October 15, 2024. It rated RIG as “a Hold” which previously was an “a Buy”.
Price Performance Review of RIG
On Friday, Transocean Ltd [NYSE:RIG] saw its stock fall -0.98% to $4.06. Over the last five days, the stock has gained 0.74%. Transocean Ltd shares have risen nearly 8.27% since the year began. Nevertheless, the stocks have fallen -23.25% over the past one year. While a 52-week high of $6.88 was reached on 01/15/25, a 52-week low of $3.40 was recorded on 01/02/25. SMA at 50 days reached $4.08, while 200 days put it at $4.89.
Levels Of Support And Resistance For RIG Stock
The 24-hour chart illustrates a support level at 3.99, which if violated will result in even more drops to 3.93. On the upside, there is a resistance level at 4.13. A further resistance level may holdings at 4.21. The Relative Strength Index (RSI) on the 14-day chart is 53.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.95%. Stochastics %K at 79.76% 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 2024-12-31, dropping by -4.32 million shares to a total of 140.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 145.12 million shares. There was a decline of -3.07%, which implies that there is a negative sentiment for the stock.
