Large Inflow of Money Witnessed in Radiant Logistics

Radiant Logistics (RLGT): $0.41 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 24.76. The value of trades done on upticks was $0.43 million, whereas, trades done on downticks were valued at $0.02 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.42 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.42 million. Radiant Logistics (RLGT) fell $0.04 traded at $2.95, a change of -1.33% over the previous day. The stock is -1.66% for the week.


Radiant Logistics (RLGT) : The most positive equity analysts on Radiant Logistics (RLGT) expects the shares to touch $9, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $7.67 with an expected fluctuation of $1.15 from the mean. The stock has recorded a 20-day Moving Average of 9.61% and the 50-Day Moving Average is 14.58%.

Radiant Logistics (NYSEMKT:RLGT): The stock opened at $2.98 on Thursday but the bulls could not build on the opening and the stock topped out at $3.03 for the day. The stock traded down to $2.86 during the day, due to lack of any buying support eventually closed down at $2.92 with a loss of -2.34% for the day. The stock had closed at $2.99 on the previous day. The total traded volume was 293,136 shares.

Radiant Logistics, Inc. is a third party logistics company. The Company provides multi-modal transportation and logistics services primarily in the United States and Canada. The Company operates in two geographic operating segments: U.S. and Canada. The Company services an account base consisting of consumer goods, food and beverage, manufacturing and retail customers through a multibrand network consisting of approximately 31 Company owned offices and 128 locations operated by its independent agents, as well as an integrated international service partner network located in other markets around the globe. The Company, through its operating locations across North America, offers domestic and international air and ocean freight forwarding services, and freight brokerage services, including truckload services, less than truckload services, and intermodal services.

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