Is Transocean a Penny Stock?
Is Transocean a Penny Stock? You see a stock trading for under $5 and think, “That’s a penny stock.” It’s a logical assumption. But when that stock is Transocean (ticker: RIG), an established offshore drilling contractor, you’re looking at a multi-billion-dollar misconception. So, what’s the real story? The official answer comes from the U.S. Securities … Read more