Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Transocean Ltd shares valued at $64,680 were sold by Mackenzie Roderick James on Mar 11 ’25. At $2.94 per share, Mackenzie Roderick James sold 22,000 shares. The insider’s holdings dropped to 384,841 shares worth approximately $0.84 million following the completion of this transaction.
Also, Mackenzie Roderick James sold 22,000 shares, netting a total of over 84,700 in proceeds. Following the sale of shares at $3.85 each, the insider now holds 313,072 shares.
Before that, Mackenzie Roderick James had sold 22,000 shares from its account. In a trade valued at $89,100, the EVP, Chief Commercial Officer traded Transocean Ltd shares for $4.05 each. Upon closing the transaction, the insider’s holdings decreased to 22,000 shares, worth approximately $0.5 million.
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 drop of approximately -20.22%. Over the course of the year, Transocean Ltd shares have dropped approximately -42.13%. Shares of the company reached a 52-week high of $4.32 on 01/15/25 and a 52-week low of $1.97 on 04/07/25. A 50-day SMA is recorded $3.18, while a 200-day SMA reached $4.17.
Support And Resistance Levels for Transocean Ltd (RIG)
According to the 24-hour chart, there is a support level at 2.09, which, if violated, would cause prices to drop to 2.01. In the upper region, resistance lies at 2.27. The next price resistance is at 2.37. RSI (Relative Strength Index) is 33.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 85.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
