Transocean Ltd. (RIG: Quote) reported a fourth quarter net loss of $18.62 per share Monday morning, compared to the loss of $2.51 per share.
Transocean gapped open higher Monday and has continued to rise in early trade. The stock is now up 2.61 at $53.34. Transocean has climbed to nearly a 4-month high this morning and has also re-crossed its 200-day moving average.
by RTT Staff Writer
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