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Why Is Transocean (RIG) Stock Rocketing Higher Today

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Why Is Transocean (RIG) Stock Rocketing Higher Today

Updated 1 min read

Shares of offshore drilling contractor Transocean (NYSE:RIG) jumped 6% in the afternoon session after the company announced contract awards totaling approximately $550 million in firm backlog for two ultra-deepwater drillships in the U.

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Why Is Transocean (RIG) Stock Rocketing Higher Today

Shares of offshore drilling contractor Transocean (NYSE:RIG) jumped 6% in the afternoon session after the company announced contract awards totaling approximately $550 million in firm backlog for two ultra-deepwater drillships in the U.

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