Teekay Corp (TK) is Trading Lower on Unusual Volume for December 22

Equities Staff |

Teekay Corp (TK) experienced unusually high volume on Dec. 22, as the stock lost 3.11% to a closing price of $9.34. The stock saw 6.4 million shares trade hands over the course of the day on 25,604 trades. Given that the stock’s average daily volume over the last month has been 2.57 million shares a day, this represents a pretty substantial spike over the norm.

Teekay Corp has a P/B ratio of 0.75. It also has a P/E ratio of 23.5. The stock has traded between $52.82 and $6.65 over the last 52-weeks, its 50-day SMA is now $27.25, and its 200-day SMA $37.15.

Teekay Corp is a provider of crude oil and gas marine transportation services and it also offers offshore oil production, storage and offloading services, mainly under long-term, fixed-rate contracts.

Headquartered in Hamilton, , Teekay Corp has 7,100 employees and is currently under the leadership of CEO Peter Evensen.

For a complete fundamental analysis analysis of Teekay Corp, check out Equities.com’s Stock Valuation Analysis report for TK. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Emerging Growth

Lithium-X Energy Corp.

Lithium X Energy Corp is engaged in exploring and developing lithium resources. Its projects portfolio includes Albemarle's Silver Peak brine evaporation pond project.

Private Markets

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…