Teekay (TK) Takes Upward Bounce; BlackBerry (BBRY) Surpasses Estimates


After fell by over 58% on yesterday’s trading session, shares of Teekay Corporation (NYSE:TK) are soaring on Friday, currently exchanging hands for about $8.46, up $1.19 (or +16.37%)

The company said that it will reduce its quarterly dividend – starting the fourth quarter of 2015 dividend payable in February 2016 – to $0.055 per share, representing a 90% decrease versus the third quarter 2015 dividend of $0.55 per share.

Shares of the company’s affiliates also moved well into positive territory in  early trading Friday. Teekay LNG Partners L.P. (NYSE:TGP) stock is currently trading at $10.00, up $0.99 (or +10.99%), and Teekay Offshore Partners L.P. (NYSE:TOO) stock at $4.90, up $1.14 (or +30.32%)

Teekay, which operates in the marine midstream space, has 72.71M Shares Outstanding and TK stock 52-week range is from $6.65 to $52.82 per share



BlackBerry Limited (Nasdaq:BBRY) delivered better-than-expected quarterly financial results, sending its shares up on Friday

For its third quarter fiscal 2016, BlackBerry posted revenue of $548 million and a non-GAAP net loss of ($15) million, or ($0.03) per share, topping the Capital IQ Consensus Estimate of ($0.15) loss per share on revenues of $487.98 million for the period

BBRY stock is currently trading at $8.62, up $0.82 (or +10.51%), and 24,704,309 of its shares exchanged hands so far, a large increase in activity versus its average volume (3m) of 6,694,960

BlackBerry, which provides wireless communications solutions worldwide, has 524.00M Shares Outstanding and BBRY stock one-year range is between $5.96 and $12.63 per share


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