I love RIG at this level for two primary reasons:1. Two insider buys around $45 in the past month.2. Two analyst upgrades in the past month.Not too bad for a stock that is less than half of its 52-week high!
the reasons you gave are insignificant. Analysts recommendations are meaningless and the insider buts, a staggering 6500 shares is pocket change. All they did was exercise options.
Tempted to buy...rumors that this may bottom down at low 30's....we shall see. If it does back up the truck.
You could have bought at 38.50 only last week - Either way its a good entry point but def. not an all in point . .
I wouldn't trust this move or the markets move on such low volume.