Transocean Shares Pull Back From Highs: What's Driving The Action?

Transocean Ltd (NYSE:RIG) shares are sliding Tuesday, as investors appear to lock in gains following the offshore driller's move to a fresh 52-week high late last week.The stock’s drop comes following news of contract awards that, while significant, have not been enough to offset negative sentiment in the energy sector Tuesday, which is currently the bottom performing sector, down around 1.5%.Transocean stock is taking a hit today. What’s pressuring RIG stock?Norway Contracts Boost Backlog VisibilityTransoc ...