Teekay Corporation (TK) stock is higher by 6.02% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With TK Stock Today?
Teekay Corporation (TK) stock has gained 3.35% while the S&P 500 is down -0.11% as of 9:48 AM on Monday, May 10. TK has risen $0.12 from the previous closing price of $3.58 on volume of 55,201 shares. Over the past year the S&P 500 is higher by 44.28% while TK has risen 12.12%. TK lost -$0.82 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Teekay Corporation click here.
More About Teekay Corporation
Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), liquefied gas carriers (LNG and LPG carriers), and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.
Click Here to get the full Stock Score Report on Teekay Corporation (TK) Stock.
