Annie’s Inc. (NYSE:BNNY) Offering Stock, Transocean Ltd. (NYSE:RIG) Jumps to Profit

Annie’s Inc. (NYSE:BNNY) reported that few stockholders would offer almost 3.5 million of the organic-foods firm’s shares.

The selling shareholders were SoleraParters LP and SCI Partners LP, which jointly possessed 38% of Annie’s (BNNY) stock. Annie’s would not get any returns from the sale.

On Friday, Annie’s also reported that its board would acclaim that stockholders vote to derestrict the board at the coming annual meeting. If they accept the plan, all of the firm’s directors would be nominated yearly to act on one-year terms.

At the current trading session, Annies Inc (NYSE:BNNY) shares are up +0.71% to $42.26 while the stocks are trading within the range of $41.33 – $43.10. In the past year, the stock has traded within a range of $31.00 – $48.87. The current session’s volume of 310,767.00 shares is higher from their average daily trading volume of 285,752.00 shares.

Transocean Ltd. (NYSE:RIG) jumped to a fourth-quarter profit as a huge impairment cost and loss contingencies affected on the offshore-oil driller’s year-earlier earnings and as revenue enhanced in the recent quarter.

The world’s largest deep-water driller was the holder of the Deepwater Horizon, the rig that blasted and sank in the Gulf of Mexico in 2010, killing 11 people and creating the worst offshore oil leakage in US history.

Transocean logged a profit of $456 million, or $1.26 per share, in contrast with a year-ago loss of $6.17 billion, or $18.76 per share. The recent quarter contained special gains of 35 cents per share because of favorable discrete tax items and income from discontinued operations mainly linked with the sale of the shallow water rigs.

Transocean LTD (NYSE:RIG) shares are down -0.29% to $52.15 while the stock is trading within the range of $51.20 – $52.33 in the current trading session. In the last 12 months the shares have traded between $39.32 and $59.50. The current session’s volume of 2,675.00 shares is lower from their average daily trading volume of 3.44 million shares.

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