Teekay Corporation (TK) Shares are Down -3.13%

Teekay Corporation (TK) : During the past 4 weeks, traders have been relatively bearish on Teekay Corporation (TK), hence the stock is down -14.39% 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 -3.73% relative to the S&P 500. The 4-week change in the price of the stock is -8.6% and the stock has fallen -3.13% in the past 1 week.

Teekay Corporation (NYSE:TK): The stock opened at $7.10 on Friday but the bulls could not build on the opening and the stock topped out at $7.16 for the day. The stock traded down to $6.74 during the day, due to lack of any buying support eventually closed down at $6.80 with a loss of -3.95% for the day. The stock had closed at $7.08 on the previous day. The total traded volume was 1,472,203 shares.


The stock has recorded a 20-day Moving Average of 4.22% and the 50-Day Moving Average is 18.73%. Teekay Corporation has dropped 40.22% during the last 3-month period . Year-to-Date the stock performance stands at -30.16%.

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors through its subsidiary Teekay LNG Partners L.P. (Teekay LNG). The Company is engaged in the operations in the offshore production, storage and transportation sector through its subsidiary Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS. It is also engaged in the conventional tanker business through its subsidiary Teekay Tankers Ltd. (Teekay Tankers). The Company has four primary lines of business, which consist of offshore logistics, offshore production, liquefied gas carriers and conventional tankers.

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