TK Stock Summary and Trading Ideas (Teekay | NYSE:TK)

Teekay Corp is engaged in providing international crude oil marine transportation and other marine services. It also offers offshore oil production, storage, and offloading services, under long-term, fixed-rate contracts. The company has two primary lines of business: 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.

Teekay trades on the NYSE stock market under the symbol TK.

As of May 10, 2024, TK stock price climbed to $8.79 with 862,491 million shares trading.

TK has a beta of -0.14, meaning it tends to be less sensitive to market movements. TK has a correlation of 0.00 to the broad based SPY ETF.

TK has a market cap of $802.53 million. This is considered a Small Cap stock.

In the last 3 years, TK stock traded as high as $9.28 and as low as $2.54.

The top ETF exchange traded funds that TK belongs to (by Net Assets): IWM, AVUV, BSVO, IWN, DFAT.

TK has outperformed the market in the last year with a price return of +61.9% while the SPY ETF gained +27.8%. TK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.2% and +17.2%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

TK support price is $8.46 and resistance is $8.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TK stock will trade within this expected range on the day.