Overall market sentiment has been high on Transocean LTD (RIG) stock lately. RIG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With RIG Stock Today?
Transocean LTD (RIG) stock is up 8.94% while the S&P 500 is lower by -1.16% as of 10:22 AM on Thursday, Nov 19. RIG has gained $0.11 from the previous closing price of $1.23 on volume of 4,946,772 shares. Over the past year the S&P 500 is higher by 14.35% while RIG is lower by -71.24%. RIG lost -$1.02 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Transocean LTD click here.
More About Transocean LTD
Transocean commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico. Transocean's customers tend to be national oil companies, independents, and international oil companies.
Click Here to get the full Stock Score Report on Transocean LTD (RIG) Stock.
