Teekay Corp (TK) Stock: What Does the Chart Say Monday?

The market has been down on Teekay Corp (TK) stock recently. TK gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Teekay Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TK!

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What is Stock Sentiment?

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TK Stock Today?

Teekay Corp (TK) stock has risen 2.26% while the S&P 500 has fallen -0.24% as of 1:44 PM on Monday, Feb 26. TK is up $0.16 from the previous closing price of $7.32 on volume of 635,708 shares. Over the past year the S&P 500 has gained 27.48% while TK is up 22.22%. TK earned $1.56 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.79.

More About Teekay Corp

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), operational and maintenance marine services, 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 Report for Teekay Corp stock.