high
Buy
35,000 shares
$173,250
Significance
6/10
Director Chad C Deaton buys 35.0K RIG shares at $4.95; holdings rise to 237.4K shares (+17.3%)
Chad C Deaton purchased 35,000 shares at $4.95, increasing his holdings by 17.3% to 237,421 shares. The purchase occurred when RIG was trading -34.5% from its 52-week high of $7.66 and down -25.1% over 90 days, with current price at $5.02. The company reported latest quarterly revenue of $1,081,000,000.00 and latest quarterly net income of $71,000,000.00, though it was unprofitable over its most recent full fiscal year. The discretionary purchase at a depressed price relative to recent highs represents a material 17.3% increase in the director's stake during a period of elevated price volatility.