Transocean (RIG) Stock Jumps Almost 31% In 4 Week: Will It Hit $5 Per Share?

The Transocean stock was one of the most important gainers during the pre-market trading period on Thursday following a key announcement from the corporate. During the premarket period yesterday, the stock rallied by the maximum amount of 5.24% after Transocean announced that it won a $252 million deal for the Atlas deepwater drilling vessel. Transocean (RIG) is up 2.02% in pre-market activity on Tuesday morning, reaching 4.05. RIG’s short-term technical score of 58 shows that the corporate has moved more bullishly than 58% of other stocks within the market over the last month.

Transocean outperforms 55% of stocks within the Oil & Gas Drilling business, which ranks 66 out of 146 industries. Transocean’s stock has gained 7.01% within the last month, ending at $3.77 on September 7, the worth dropped as low as $3.19 and as high as $4.16 throughout now. Transocean is currently rated as a Sell. The common price objective for the stock is $2.79. The Long-Term Technical rank of Transocean is 52. This suggests that in the previous 200 trading days, the business has performed within the top 1/2 the market, with 48% of the market scoring higher. Transocean outperforms quite half the stocks within the Oil & Gas Drilling industry, which is ranked 90th by this statistic.

Miriam Bozini

Finance and Business Reporter