Transocean Getting A Lift

Transocean Ltd RIG shares are trading higher by $0.76 (7 percent) at $11.80 in Wednesday's session. The serial underperformer is a getting a lift from an Evercore ISI upgrade from Sell to Hold.

After a higher open, it retreated but found support just above Tuesday's close ($11.04) at $11.13 before continuing its move higher. At this time, the high stands at $11.89 and is not far off that level. That level is just off a pair of highs in the issue from June 22 ($12.02) and June 23 ($12.05).