What's Going On With Transocean (RIG) Stock?

Transocean, Ltd. RIG shares are moving on Monday continuing the upward from the last five trading sessions.

What To Know:

Transocean shares saw a volatile month of June with the stock up 14% over the last 30 days.

On June 29, Transocean announced a $184 million award for the Transocean Equinox in Australia which could keep the Transocean Equinox working in Australia into 2028.

RIG is a favorite among retail investors and is currently a top trending ticker on StockTwits. The stock also has considerable short interest with over 19.9% of available shares being sold short, according to data from Benzinga Pro.

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RIG Price Action: According to Benzinga Pro, Transcocean shares are trading 1.5% higher at $7.12 at the time of publication.

Image: Alexandra_Koch from Pixabay