Here's Why Transocean (RIG) Fell More Than Broader Market

Transocean (RIG) ended the recent trading session at $5.29, demonstrating a -1.86% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.56%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.59%.Prior to today's trading, shares of the offshore oil and gas drilling contractor had lost 13.76% over the past month. This has lagged the Oils-Energy sector's loss of 2.83% and the S&P 500's gain of 1.2% in ...