Teekay Tankers Ltd. (NYSE:TNK) : During the past 4 weeks, traders have been relatively bearish on Teekay Tankers Ltd. (NYSE:TNK), hence the stock is down -17.9% 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 -6.09% relative to the S&P 500. The 4-week change in the price of the stock is -16.57% and the stock has fallen -4.89% in the past 1 week.
The company shares have dropped -57.12% from its 1 Year high price. On Oct 21, 2015, the shares registered one year high at $8.53 and the one year low was seen on Jul 7, 2016. The 50-Day Moving Average price is $3.28 and the 200 Day Moving Average price is recorded at $4.05.
The stock has recorded a 20-day Moving Average of 7.68% and the 50-Day Moving Average is 15.24%.
Teekay Tankers Ltd. (NYSE:TNK): stock turned positive on Friday. Though the stock opened at $2.83, the bulls momentum made the stock top out at $2.93 level for the day. The stock recorded a low of $2.83 and closed the trading day at $2.92, in the green by 4.66%. The total traded volume for the day was 1,775,566. The stock had closed at $2.79 in the previous days trading.
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Companys business is to own crude oil and product tankers. The Company owns around 11 Aframax Tankers, three medium range product tankers, 10 Suezmax tankers and three long range 2 product tankers. The Companys chartered-in vessels include eight Aframax Tankers and four long range 2 product tankers. The Company also operates one 50% owned very large crude carrier (VLCC). The Companys operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services.