Seadrill (SDRL) Surges 8.9%: Is This an Indication of Further Gains?
SeadrillSeadrill(US:SDRL) ZACKS·2026-01-22 17:40

Seadrill (SDRL) shares soared 8.9% in the last trading session to close at 38.16.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s6.838.16. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.8% gain over the past four weeks.Seadrill’s share price surged yesterday, primarily due to the company's announcement of multiple new offshore drilling contracts totaling approximately 235 million. These contracts bolstered its revenue backlog and enhanced earnings visibility into 2026–2027. Key aw ...