Transocean Stock Price Today: What Is Driving RIG?
Transocean shares rose to $6.46 Monday, outpacing peers as investors watched its planned $5.8 billion all-stock acquisition of Valaris. The company filed for authority to issue up to 240.8 million new shares and reported over 90% fleet commitment entering 2026. The merger would create a 73-rig fleet with nearly $11 billion in backlog if approved. Oil markets remained volatile after U.S.-Iran tensions eased.