This Energy Stock Is Rocketing. Its Chairman Just Bought Shares.


stock has been on a tear, to the point where many investors would think about taking some money off the table. But Chairman Chad Deaton just bought more shares of the offshore-drilling company on the open market.

Transocean stock (ticker: RIG) soared 65% in 2022, compared with a 19% drop in the

S&P 500 index

So far in 2023, shares are up 46% while the index has eked out a gain of about 1%.