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Teekay (TK) Shows Strength: Stock Adds 16.9% in Session
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Teekay Corporation (TK - Free Report) was a big mover last session, as its shares rose almost 17% on the day. The move came on the back of positive sentiment stemming from an analyst's view of the shipping stock as being particularly promising. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $5.26 to $6.76 in the past one-month time frame.
Over the last 30 days, the company witnessed one negative estimate revision while the Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Teekay currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Is TK going up? Or down? Predict to see what others think: Up or Down
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Teekay (TK) Shows Strength: Stock Adds 16.9% in Session
Teekay Corporation (TK - Free Report) was a big mover last session, as its shares rose almost 17% on the day. The move came on the back of positive sentiment stemming from an analyst's view of the shipping stock as being particularly promising. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $5.26 to $6.76 in the past one-month time frame.
Over the last 30 days, the company witnessed one negative estimate revision while the Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Teekay currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Teekay Corporation Price
Teekay Corporation Price | Teekay Corporation Quote
A better-ranked stock in the Transportation – Shipping space is Navios Maritime Partners L.P. (NMM - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is TK going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>