Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5962
    +0.0025 (+0.42%)
     

  • NZD/EUR

    0.5552
    +0.0006 (+0.11%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    83.19
    +0.38 (+0.46%)
     

  • GOLD

    2,339.40
    +1.00 (+0.04%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,082.62
    +42.24 (+0.53%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,010.27
    -78.43 (-0.43%)
     

  • Hang Seng

    17,269.04
    +67.77 (+0.39%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • NZD/JPY

    92.7570
    +0.6420 (+0.70%)
     

Why Shares of Teekay Corporation Are Soaring Today

Scott Levine, The Motley Fool
·2-min read
Why Shares of Teekay Corporation Are Soaring Today

While West Texas Intermediate and Brent Crude, two benchmarks, are both up more than 0.8%, bulls are downright energized about picking up shares of Teekay Corporation (NYSE: TK) thanks to the company's announcement about its investor-friendly capital allocation plans. In an effort to return capital to shareholders, Teekay announced that its board of directors has authorized a share repurchase program of up to $30 million. Additionally, the company reported the conclusion of a previous share repurchase program that it had announced last August, Teekay announced today that it has bought back nearly $30 million worth of the company's stock.

Continue reading