Transocean (RIG) Jumps on $6 Million Insider Buy and Fresh Backlog – Stock Outlook for 26 November 2025
Transocean shares rose about 7% to $4.32 Wednesday after a director linked to major shareholder Perestroika bought 1.5 million shares for $6.03 million at $4.02 each. The purchase follows recent contract wins adding $332 million to the company’s backlog. Trading volume was above average, with the stock near its 52-week high.