Transocean Ltd’s filing revealed that its EVP, Chief Commercial Officer Mackenzie Roderick James unloaded Company’s shares for reported $84700.0 on Feb 11 ’25. In the deal valued at $3.85 per share,22,000 shares were sold. As a result of this transaction, Mackenzie Roderick James now holds 313,072 shares worth roughly $1.05 million.
Then, Mackenzie Roderick James sold 22,000 shares, generating $89,100 in total proceeds. Upon selling the shares at $4.05, the EVP, Chief Commercial Officer now owns 229,596 shares.
Before that, Mackenzie Roderick James sold 22,000 shares. Transocean Ltd shares valued at $86,900 were divested by the EVP, Chief Commercial Officer at a price of $3.95 per share. As a result of the transaction, Mackenzie Roderick James now holds 251,596 shares, worth roughly $0.85 million.
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 -5.62% to $3.36. Over the last five days, the stock has lost -7.44%. Transocean Ltd shares have fallen nearly -10.40% since the year began. Nevertheless, the stocks have fallen -28.05% over the past one year. While a 52-week high of $6.88 was reached on 01/15/25, a 52-week low of $3.38 was recorded on 02/21/25. SMA at 50 days reached $3.81, while 200 days put it at $4.63.
Levels Of Support And Resistance For RIG Stock
The 24-hour chart illustrates a support level at 3.26, which if violated will result in even more drops to 3.16. On the upside, there is a resistance level at 3.55. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 36.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.33%. Stochastics %K at 12.68% indicates the stock is a buying.
