Teekay Corporation (TK) Shares Slide -8.82%

Teekay Corporation (TK) : During the past 4 weeks, traders have been relatively bearish on Teekay Corporation (TK), hence the stock is down -16.8% 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 -8.76% relative to the S&P 500. The 4-week change in the price of the stock is -14.01% and the stock has fallen -8.82% in the past 1 week.

The stock has recorded a 20-day Moving Average of 9.58% and the 50-Day Moving Average is 22.32%. Teekay Corporation has dropped 44.18% during the last 3-month period . Year-to-Date the stock performance stands at -35.79%.


Teekay Corporation (NYSE:TK): stock turned positive on Friday. Though the stock opened at $6.01, the bulls momentum made the stock top out at $6.22 level for the day. The stock recorded a low of $5.99 and closed the trading day at $6.2, in the green by 1.97%. The total traded volume for the day was 2,046,862. The stock had closed at $6.08 in the previous days trading.

Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Teekay Corporation (NYSE:TK). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $7 per share from a prior target of $9. The rating by the firm was issued on July 27, 2016.

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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