Transocean (RIG) Stock Soars on Insider’s $12M Bet and New Deals Amid Oil Sector Revival
Transocean Stock Rallies on Fresh Catalysts Transocean’s stock has been on the upswing in mid-October, buoyed by a series of positive developments. Shares of the offshore drilling contractor jumped over 5% in a single day on October 16 after news of significant insider buying, new contract wins, and proactive debt refinancing hit the market ts2.tech. The most eye-catching vote of confidence came from Frederik Wilhelm Mohn – a Transocean board member and scion of a prominent Norwegian oil family – who purchased 4 million shares (≈$12.2 million worth) in the company’s late-September equity offering ts2.tech. This insider purchase, done via