Alphabet Inc. (GOOGL), Cabela’s Inc. (CAB) & More: Here’s Why These Stocks Are on the Move Today

Transocean Ltd. (NYSE:RIG)’s stock has slid by over 6% amid news about its new contract with Suncor Energy Inc. (NYSE:SU). The deal involves Transocean Barents, a harsh-environment, ultra-deepwater floater, which may also act as a semi-submersible rig. The contract’s length is 15 months at a dayrate of $260,000. The contract backlog, excluding mobilization, has been estimated at $119 million. The rig, located in offshore Canada, is likely to start operating in the third quarter of 2017. A total of 32 funds from our database have positions in Transocean Ltd. (NYSE:RIG), with a total value of about $720 million as of the end of June. Similarly, 25 investors amassed around $1.49 billion of Suncor Energy Inc. (NYSE:SU) stock at the end of June.

Shares of Winnebago Industries Inc. (NYSE:WGO) have surged by over 25% after the company announced its purchase of Grand Design Recreational Vehicle, a towable RV-maker for $500 million. The company expects the acquisition to be immediately accretive to earnings per share and profit margins and the combined entity is expected to have proforma revenue of $1.4 billion. At the end of June, 13 investors tracked by us reported long positions in Winnebago Industries Inc. (NYSE:WGO) with a total value of $84 million as of the end of June, compared to 11 funds holding $86 million worth of stock a quarter earlier.

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