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Actionable news in RIG: TRANSOCEAN Ltd.,

Transocean (RIG) Showing Signs Of A Dead Cat Bounce Today

Trade-Ideas LLC identified Transocean ( RIG) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Transocean as such a stock due to the following factors:

  • RIG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $184.8 million.
  • RIG has traded 7.3 million shares today.
  • RIG is up 3.1% today.
  • RIG was down 6.4% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in RIG with the Ticky from Trade-Ideas. See the FREE profile for RIG NOW at Trade-Ideas More details on RIG: Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. The stock currently has a dividend yield of 4%. RIG has a PE ratio of 4. Currently there is 1 analyst that rates Transocean a buy, 10 analysts rate it a sell, and 8 rate it a hold. The average volume for Transocean has been 16.9 million shares per day over the past 30 days. Transocean has a market cap of $3.1 billion and is part of the basic materials sector and...