Mid-Day Market Update: Gold Drops Over 1%; Cerevel Therapeutics Shares Spike Higher
Midway through trading Tuesday, the Dow traded up 0.37% to 34,411.60 while the NASDAQ fell 0.03% to 14,495.75. The S&P also rose, gaining 0.16% to 4,297.63.
Understanding Transocean’s Unusual Options Activity
On Tuesday, shares of Transocean (NYSE:RIG) saw unusual options activity. After the option alert, the stock price moved up to $4.79.
Transocean Ltd. Announces $116M In Harsh Environment Contract Awards
Transocean Ltd. (NYSE:RIG) announced today the Transocean Barents was awarded a two-well contract in Norway with commencement expected in February 2022. The contract award is approximately 200 days in duration
Susquehanna Maintains Neutral on Transocean, Lowers Price Target to $3.5
Susquehanna maintains Transocean (NYSE:RIG) with a Neutral and lowers the price target from $5 to $3.5.
Transocean: Q1 Earnings Insights
Shares of Transocean (NYSE:RIG) fell 2.4% in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 36.67% over the past year to ($0.16), which beat the estimate of ($0.18).
Earnings Scheduled For May 3, 2021
Companies Reporting Before The Bell
• Scienjoy Holding (NASDAQ:SJ) is estimated to report quarterly earnings at $0.58 per share on revenue of $540.11 million.