Company Shares of Scorpio Tankers Drops by -10.13%

Scorpio Tankers (NYSE:STNG) has tumbled 10.13% during the past week and has dropped 13.28% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 9.06%. Scorpio Tankers (NYSE:STNG) has underperformed the index by 14.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Scorpio Tankers (NYSE:STNG): The stock opened at $4.79 on Friday but the bulls could not build on the opening and the stock topped out at $4.86 for the day. The stock traded down to $4.68 during the day, due to lack of any buying support eventually closed down at $4.70 with a loss of -0.84% for the day. The stock had closed at $4.74 on the previous day. The total traded volume was 3,328,157 shares.

The company shares have dropped -53.74% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.64 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $5.63 and the 200 Day Moving Average price is recorded at $6.23.

Institutional Investors own 83.55% of Scorpio Tankers shares.

Scorpio Tankers Inc. is a provider of seaborne transportation of refined petroleum products and crude oil to the international shipping markets. The Companys fleet consists of 66 wholly owned tankers (10 LR2 tankers, two LR1 tankers, 15 Handymax tankers and 39 MR tankers) with a weighted average age of approximately 1.1 years and 20 time chartered-in tankers, which it operate (seven Handymax tankers, three MR tankers, five LR1 tankers and five LR2 tankers). In addition, the Company has contracts for the construction of 14 newbuilding product tankers (six MR tankers and eight LR2 tankers) (Newbuilding Program). The Companys total oil tanker fleet (crude, products and product/chemical tankers) consisted of 3,138 ships with a combined capacity of 407 million deadweight tonnage.

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