Shares of Scorpio Tankers (STNG) Rally 5.18%

Scorpio Tankers (STNG) has been under a strong bear grip, hence the stock is down -8.88% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.63% in the past 1 week. The stock has risen by 5.18% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.89% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 13.35%.

Scorpio Tankers (NYSE:STNG): The stock opened at $4.61 on Friday but the bulls could not build on the opening and the stock topped out at $4.61 for the day. The stock traded down to $4.45 during the day, due to lack of any buying support eventually closed down at $4.47 with a loss of -2.40% for the day. The stock had closed at $4.58 on the previous day. The total traded volume was 1,726,036 shares.


Institutional Investors own 83.14% 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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