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Transocean Ltd (Switzerland) (RIG) rises 2.73% for August 22

Transocean Ltd (Switzerland) (RIG) rises 2.73% for August 22

SWITZERLAND: Among the biggest risers on the S&P 500 on Tuesday August 22 was Transocean Ltd (Switzerland) ($RIG), popping some 2.73% to a price of $7.52 a share with some 9.37 million shares trading hands. Starting the day trading at $7.41, Transocean Ltd (Switzerland) reached an intraday high of $7.54 and hit intraday lows of $7.36. Shares gained $0.2 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 14.91 million of its 391.18 million share total float. Today’s action puts the stock’s 50-day SMA at $8.35 and 200-day SMA at $11.51 with a 52-week range of $7.20 to $16.66. Transocean Ltd is an international provider of offshore contract drilling services for oil and gas wells. Its business activities include contracting drilling rigs, related equipment and work crews to drill oil and gas wells.

Transocean Ltd (Switzerland) has its corporate headquarters located in Vernier, and employs 5,400 people. Its market cap has now risen to $2.94 billion after today’s trading, its P/E ratio is now 0, its P/S 0.84, P/B 0.21, and P/FCF 3.6. You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Transocean Ltd (Switzerland), check out Stock Valuation Analysis tool for RIG. Want to invest with the experts? Subscribe to Equities Premium newsletters today! Visit http://www.equitiespremium.com/ to learn more about Guild Investment’s Market Commentary and Adam Sarhan’s Find Leading Stocks today. The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks. To get more information on Transocean Ltd (Switzerland) and to follow the company’s latest updates, you can visit the company’s profile page here: RIG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.