The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Transocean Ltd shares valued at $89,100 were sold by Mackenzie Roderick James on Jan 10 ’25. At $4.05 per share, Mackenzie Roderick James sold 22,000 shares. The insider’s holdings dropped to 229,596 shares worth approximately $0.9 million following the completion of this transaction.
Also, Mackenzie Roderick James sold 22,000 shares, netting a total of over 86,900 in proceeds. Following the sale of shares at $3.95 each, the insider now holds 251,596 shares.
Before that, RODERICK J MACKENZIE had added 88,000 shares to its account. In a trade valued at $359,920, the Officer bought Transocean Ltd shares for $4.09 each.
As published in a research note from Evercore ISI on January 15, 2025, Transocean Ltd [RIG] has been rated down from an Outperform to an In-line and the price target has been revised to $5 from $6. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 06, 2024, JP Morgan has increased its “an Underweight” rating to a “Neutral” for RIG. Earlier on October 15, 2024, The Benchmark Company downgraded its rating. Their new recommendation was “a Hold” for RIG stock which previously was a “a Buy”.
Analyzing RIG Stock Performance
During the last five days, there has been a surge of approximately 1.30%. Over the course of the year, Transocean Ltd shares have jumped approximately 4.27%. Shares of the company reached a 52-week high of $4.32 on 01/15/25 and a 52-week low of $3.77 on 01/29/25. A 50-day SMA is recorded $3.99, while a 200-day SMA reached $4.78. Nevertheless, trading volume fell to 23.45 million shares from 24.33 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 3.82, which, if violated, would cause prices to drop to 3.74. In the upper region, resistance lies at 3.97. The next price resistance is at 4.04. RSI (Relative Strength Index) is 48.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 74.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
