Transocean ( RIG 6.50%), an offshore rig company, closed Tuesday at $6.14, down 6.12%. Today’s drop could be a result of profit-taking after last week’s 52-week high or a reassessment of its all-stock Valaris ( VAL 7.15%) acquisition.
Stock Market Today, Feb. 17: Transocean Pares Gains After Soaring Over 100% in 6 Months
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