Transocean Crosses $10 For The First Time Since May After UBS Upgrade

Loading...
Loading...

Transocean LTD RIG share are trading higher by 68 cents (6.8 percent) at $10.00 in Monday's session.

Before the open, UBS upgraded the stock from Neutral to Buy. Crude Oil futures trading higher by nearly 2 percent is also contributing to the move higher.

Transocean's higher opening print of $9.67 stands as the low for the day as of 11:50 a.m. EST. The follow-though move higher took the stock to $10.14, but it's attempting to remain in the $10.00 handle.

That marks the highest level for the stock since May 25, when it peaked at $10.51. It hasn't closed over $10.00 since the prior session, when it ended at $10.44.

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...