Transocean (RIG) stock dropped 12.3% as executive sold shares, market uncertainties

From Yahoo Finance: 2025-06-24 10:21:00

Transocean Ltd. (RIG) saw a 12.3% drop in shares last week after an executive sold 40,000 shares, prompting concerns among investors amidst market uncertainties and geopolitical tensions. The company also announced a new $100 million contract with Equinor ASA for drilling two additional wells in Norway.

The deal with Equinor ASA is part of a three-well program on the Norwegian Continental Shelf, scheduled to commence in early 2026 as an extension of the current rig program. Despite potential in RIG as an investment, some suggest AI stocks offer better returns and lower risks. For more insights on AI stocks, check out our report.



Read more at Yahoo Finance: Transocean (RIG) Falters 12.3% W/W as Exec Disposes of Shares