Investor Hype Alert: $RIG

In the past, LikeFolio has had success predicting big moves for small-cap stocks by keying in on elevated levels of cashtag chatter on social media… And, we’re seeing a substantial uptick in cashtag mention volume for a small player in the energy sector: Transocean Ltd. ($RIG). Shares of RIG have already gained +97% In 2021 (from all-time lows), but bullish investor sentiment is pushing to new heights. Cashtag Mentions are trending +889% QoQ on a 7-day moving average, with several high-volume dates in the past week.

Transocean, an offshore drilling contractor, stands to benefit from the steadily rising price of Crude Oil ($CL=F) -- Furthermore, Investors have taken keen notice of a RIG director’s recent $40 million share purchase, which has further fueled bullish sentiment. With so many traders focusing their energy on this stock, we think this $2.8B company has potential to see gains as the year progresses.