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Transocean Ltd (Switzerland) (RIG) Dips 5% for June 21

Transocean Ltd (Switzerland) (RIG) Dips 5% for June 21

SWITZERLAND: Among the S&P 500’s biggest fallers on Wednesday June 21 was Transocean Ltd (Switzerland) (RIG). The stock experienced a 5% decline to $7.79 with 18.74 million shares changing hands. Transocean Ltd (Switzerland) started at an opening price of 8.16 and hit a high of $8.18 and a low of $7.67. Ultimately, the stock took a hit and finished the day at $0.41 per share. Transocean Ltd (Switzerland) trades an average of 12.75 million shares a day out of a total 391.05 million shares outstanding. The current moving averages are a 50-day SMA of $10.32 and a 200-day SMA of $11.84. Transocean Ltd (Switzerland) hit a high of $16.66 and a low of $8.09 over the last year.

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. With its headquarters located in Vernier, , Transocean Ltd (Switzerland) employs 5,400 people. After today’s trading, the company’s market cap has fallen to $3.05 billionAs for its value, has a P/E ratio of <5, a P/S of 0.89, a P/B of 0.19, and a P/FCF of 8.8. To dig deeper into the fundamentals of Transocean Ltd (Switzerland) and perform your own analysis, visit our 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.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices. The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time. 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.