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Insider sells in RIG stock, 57,259 shares sold by RIG Vice President and Chief Accounting Officer.
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Technical indicators highlight the consolidation phase of Transocean Ltd. stock.
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Transocean Ltd. stock price faced bearish momentum in previous trading sessions.
On August 31, 2023, David A. Tonnel, who is the Senior Vice President and Chief Accounting Officer of Transocean RIG Stock, sold 57,259 of his shares in the company for a total of $470,669. According to the SEC Form 4 filing, Tonnel still owns 417,789 shares of Transocean RIG, which he holds directly.
Source: SEC Form 4
The RIG stock price trend is unclear, as neither the bears nor the bulls have a strong hold on it. Investors may want to wait for more signs from different technical indicators to determine the direction of the trend. The volume candles show a slight rise in red, which means that the RIG price is drawing more sellers in the zone.
The mood of the investors abou
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