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Teekay Tankers (TNK) Jumps: Stock Rises 6.9%

Zacks Equity Research

Teekay Tankers Ltd. TNK was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with 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 of 94 cents to $1.01 in the past one-month time frame.

The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, 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 Tankers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Teekay Tankers Ltd. Price

Teekay Tankers Ltd. Price | Teekay Tankers Ltd. Quote

Investors interested in the Transportation - Shipping industry may consider Danaos Corporation DAC, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is TNK going up? Or down? Predict to see what others think: Up or Down

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