Large Outflow of Money Witnessed in Teck Resources Ltd

Teck Resources Ltd (TCK) : The total money flow in Teck Resources Ltd (TCK) was negative ($1.49 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $2.79 million. Transactions on upticks were comparatively lower at $1.3 million. The uptick to downtick ratio was 0.47. The total block trades done on upticks were valued at $0.28 million. The total block trades on downticks were valued at $1.97 million. The uptick to the downtick ratio of block trades was 0.14. The money flow during block trades was negative ($1.69 million) when the stock traded with a gain of $72 cent. Teck Resources Ltd (TCK) was $17.25, an increase of 4.36% over the previous days close.


Institutional Investors own 50.08% of Teck Resources Ltd shares.

Teck Resources Ltd (NYSE:TCK): The stock opened at $16.89 and touched an intraday high of $17.43 on Friday. During the day, the stock corrected to an intraday low of $16.84, however, the bulls stepped in and pushed the price higher to close in the green at $16.99 with a gain of 2.78% for the day. The total traded volume for the day was 6,961,468. The stock had closed at $16.53 in the previous trading session.

Teck Resources Ltd (TCK) : Traders are bullish on Teck Resources Ltd (TCK) as it has outperformed the S&P 500 by a wide margin of 7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.32% in the last 1 week, and is up 6.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Teck Resources Ltd. is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru, Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper. The Company produces mined zinc, primarily from its Red Dog mine in Alaska, the Antamina mine in northern Peru, and its Pend Oreille mine in Washington State. Its energy assets in the Athabasca oil sands region of northeastern Alberta include its interests in the Fort Hills oil sands project, Frontier oil sands project in various other oil sands leases in the exploration phase, including the Lease 421 Area.

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