Overall market sentiment has been high on Teck Resources Ltd Class B (TECK) stock lately. TECK receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Teck Resources Ltd Class B has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TECK!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TECK Stock Today?
Teck Resources Ltd Class B (TECK) stock is trading at $33.79 as of 2:59 PM on Monday, Aug 15, a loss of -$0.56, or -1.62% from the previous closing price of $34.35. The stock has traded between $32.10 and $33.83 so far today. Volume today is less active than usual. So far 3,526,424 shares have traded compared to average volume of 6,069,691 shares.
To screen for more stocks like Teck Resources Ltd Class B click here.
More About Teck Resources Ltd Class B
Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck's attributable copper production by around 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper.
Click Here to get the full Stock Report for Teck Resources Ltd Class B stock.
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