Teekay Corporation (NYSE:TK) 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.
A better-ranked stock in the Transportation – Shipping space is Navios Maritime Partners L.P. (NYSE:NMM) , 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
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Teekay Corporation (TK): Free Stock Analysis Report
Navios Maritime Partners LP (NMM): Free Stock Analysis Report
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