Transocean (RIG) Stock Rallies After Insider Buys 4 Million Shares and Company Wins New Contracts
TLDR Transocean shares climbed roughly 5-6% last week following board member Frederik W. Mohn’s $12. 2 million stock purchase of 4 million shares during the company’s equity offering. The offshore driller won $243 million in new ultra-deepwater rig contracts, pushing its total backlog to approximately $7. 2 billion and showing increased demand for deepwater drilling. The company [.] The post Transocean (RIG) Stock Rallies After Insider Buys 4 Million Shares and Company Wins New Contracts appeared first on CoinCentral. Continue reading Transocean (RIG) Stock Rallies After Insider Buys 4 Million Shares and Company Wins New Contracts