Company Shares of Scorpio Tankers (NYSE:STNG) Drops by -2.3%

Scorpio Tankers (NYSE:STNG) : During the past 4 weeks, traders have been relatively bearish on Scorpio Tankers (NYSE:STNG), hence the stock is down -20.03% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.54% relative to the S&P 500. The 4-week change in the price of the stock is -18.74% and the stock has fallen -2.3% in the past 1 week.

The company shares have dropped -59.33% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.64 and the one year low was seen on Jul 8, 2016. The 50-Day Moving Average price is $5.04 and the 200 Day Moving Average price is recorded at $5.82.

The stock has recorded a 20-day Moving Average of 7.96% and the 50-Day Moving Average is 20.22%.


Scorpio Tankers (NYSE:STNG): stock turned positive on Friday. Though the stock opened at $4.1, the bulls momentum made the stock top out at $4.33 level for the day. The stock recorded a low of $4.05 and closed the trading day at $4.25, in the green by 4.17%. The total traded volume for the day was 2,246,688. The stock had closed at $4.08 in the previous days trading.

Scorpio Tankers Inc. is a provider of seaborne transportation of refined petroleum products and crude oil to the international shipping markets. The Companys fleet consists of 66 wholly owned tankers (10 LR2 tankers, two LR1 tankers, 15 Handymax tankers and 39 MR tankers) with a weighted average age of approximately 1.1 years and 20 time chartered-in tankers, which it operate (seven Handymax tankers, three MR tankers, five LR1 tankers and five LR2 tankers). In addition, the Company has contracts for the construction of 14 newbuilding product tankers (six MR tankers and eight LR2 tankers) (Newbuilding Program). The Companys total oil tanker fleet (crude, products and product/chemical tankers) consisted of 3,138 ships with a combined capacity of 407 million deadweight tonnage.

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