Seadrill (SDRL) Surges 8.9%: Is This an Indication of Further Gains?

Seadrill (SDRL) shares soared 8.9% in the last trading session to close at $38.16. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.8% gain over the past four weeks.Seadrill’s share price surged yesterday, primarily due to the company's announcement of multiple new offshore drilling contracts totaling approximately $235 million. These contracts bolstered its revenue backlog and enhanced earnings visibility into 2026–2027. Key aw ...