Transocean (NYSE:RIG) shares lag as oil rallies 16% for the week, with merger spread steady at 2.3%
Transocean Ltd. closed Friday nearly flat at $5.14. Over the week, its shares slipped 1.2%. Brent gained close to 16%.
Transocean drops after shares get hit by oil move, $185 million in new contracts fails to stem fall
Transocean Ltd shares dropped in late trading in New York on Thursday. Oil prices tumbled, and that hit the stock more than news of $185 million in new contracts for the offshore driller.
Transocean Stock Price Today: RIG Climbs as Oil Rebound Lifts Offshore Drillers
Transocean picked up 2.9% to $6.645 in Tuesday’s afternoon session, after hitting $6.715 earlier. The stock’s gain followed crude’s recovery, even as major U.S. indexes showed little direction. Brent crude climbed over 4%, landing at $104.13 a barrel.
Seadrill Limited stock jumps 7% as oil rally blunts Citi downgrade
Seadrill Ltd shares surged Tuesday, leading offshore drillers higher amid rising crude prices and a boost in energy stocks. The stock climbed 7.0% to $36.01 in afternoon trading, briefly touching $36.03. It started the day at $34.02 and dipped to $34.00 earlier. Trading volume exceeded 420,000 shares.
Transocean stock today: RIG edges higher before the open as oil slips — what to watch next
Transocean Ltd shares rose 0.4% to $4.13 in premarket trading on Friday, a muted move as U.S. markets prepared to open for the first session of 2026.