Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Teekay Tankers Ltd shares valued at $254,902 were purchased by DU MOULIN RICHARD T on Feb 26 ’25. At $40.16 per share, DU MOULIN RICHARD T acquired 6,347 shares.
Also, Antturi Peter purchased 1,501 shares, netting a total of over 60,430 in proceeds.
Before that, DAVID ALFRED SCHELLENBERG had added 6,000 shares to its account. In a trade valued at $232,201, the Director bought Teekay Tankers Ltd shares for $38.70 each.
As published in a research note from BofA Securities on November 13, 2024, Teekay Tankers Ltd [TNK] has been rated down from a Neutral to an Underperform and the price target has been revised to $46 from $51. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of January 19, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for TNK. Earlier on July 21, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for TNK stock.
Analyzing TNK Stock Performance
During the last five days, there has been a surge of approximately 8.07%. Over the course of the year, Teekay Tankers Ltd shares have jumped approximately 6.99%. Shares of the company reached a 52-week high of $48.37 on 01/13/25 and a 52-week low of $33.35 on 04/04/25. A 50-day SMA is recorded $38.61, while a 200-day SMA reached $46.93.
Support And Resistance Levels for Teekay Tankers Ltd (TNK)
According to the 24-hour chart, there is a support level at 41.79, which, if violated, would cause prices to drop to 41.02. In the upper region, resistance lies at 43.22. The next price resistance is at 43.88. RSI (Relative Strength Index) is 61.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.83, which suggests the price will increase in the coming days. Percent R is at 13.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
