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Transocean (RIG) Ends 3-Day Win, Drops on $381-Million Discounted Share Sale

We recently published 10 Big Names Investors Are Dumping. Transocean Ltd. (NYSE:RIG) is one of the companies that heavily bled in Thursday’s trading. Transoceanic snapped a three-day winning streak on Thursday, slashing 13.19 percent to close at 3.16apieceasinvestorsentimentwasdampenedbyplanstoraise3.16 apiece as investor sentiment was dampened by plans to raise 381 million through a discounted share sale. In an updated announcement, Transocean Ltd. (NYSE:RIG) said that it plans to issue 125 million shares at a price of $3.05 apiece, lower by 3.5 percent ...