Transocean (RIG) Hits Fresh High on Successful Drilling

We recently published 10 Big Names Leaving Wall Street Behind; 7 Are Hitting Record Highs. Transocean Ltd. (NYSE:RIG) was one of the worst performers on Wednesday. Transocean climbed to a new 52-week high of $4.72 on Wednesday, up 9.76 percent, as investors cheered the successful first phase of drilling exploration on ConocoPhilips’ Otway Basin project offshore Victoria, Australia. At market close, the stock trimmed gains to end the day just up by 7.67 percent at $4.63 apiece. In an updated report, Con ...