Why These Stocks Are Gaining On High Volume Today

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Transocean LTD Rises on Higher Crude Prices

Transocean LTD (NYSE:RIG) is 4.8% higher as the rallying WTI and Brent prices have improved sector sentiment. Although today’s EIA report indicated that U.S oil inventories rose last week by around 2 million barrels, U.S domestic crude production declined during the week, by 15,000 barrels to 8.938 million barrels. If the U.S is the swing producer or if Saudi Arabia’s goal is to send U.S production lower, the falling U.S production is surely a bullish sign. Transocean LTD (NYSE:RIG) will need crude prices to rally substantially more for demand for its services to surge, however. Carl Icahn‘s Icahn Capital LP was a top shareholder of the company as of the end of December.

Traders Bid Up UniPixel

UniPixel Inc (NASDAQ:UNXL)‘s stock is 9% in the green after the company announced two additional design wins for two new 2-in-1 convertible laptops that will feature the company’s XTouch and Diamond Guard products. UniPixel added the new customer this year. Financial details were not disclosed. As with all micro-cap stocks, investors should undertake due diligence before making a buying decision. Three elite funds that Insider Monkey tracks owned $140,000 worth of UniPixel Inc (NASDAQ:UNXL) shares at the end of 2015. 

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Santander in the Green

Santander Consumer USA Holdings Inc (NYSE:SC) beat earnings estimates by $0.03 per share with first quarter EPS of $0.59 and its stock is 7.6% higher because of it. Net finance and other interest income came in at $1.3 billion, while total auto originations ended the quarter at $6.8 billion. Average managed assets was $53.2 billion for the quarter, up by 19% year-over-year. Of the 786 active funds that we track, 31 of them were long Santander Consumer USA Holdings Inc (NYSE:SC) on December 31, owning $768.85 million worth of its shares, down from 35 funds with $1.04 billion in holdings on September 30.

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Disclosure: None

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