Transocean (NYSE:RIG) moves against sector as Valaris spread stays close to 3%
Transocean Ltd. dropped 1.6% to $5.04 by late Monday. Trading was heavy, with 36.4 million shares traded, putting dollar volume around $184 million. That’s about 3.2% of the company’s market cap and ahead of the same day turnover rates for Noble Corp. Plc, Valaris Ltd., and Seadrill Ltd..