Shares of Marten Transport Ltd. (MRTN) Sees Large Outflow of Money

Marten Transport Ltd. (MRTN) : Money flow in the Marten Transport Ltd. (MRTN) stock was negative (3.34 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.58 million, compared to $3.92 million on downticks. The total uptick to downtick ratio was 0.15, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.16 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.22 million. Downtick transaction value in block trades amounted to $3.38 million, indicating persistent selling. The uptick to downtick ratio was 0.06. Marten Transport Ltd. (MRTN) traded $0.22 higher at $20.42 gaining 1.09% over the previous days close.


The stock has recorded a 20-day Moving Average of 2.47% and the 50-Day Moving Average is 5.42%.

Marten Transport Ltd. (NASDAQ:MRTN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.30 and $19.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.42, notching a gain of 1.09% for the day. The total traded volume was 317,097 . The stock had closed at $20.20 on the previous day.

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company is engaged in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. It operates throughout the United States and in parts of Canada and Mexico. The Companys medium-to-long-haul traffic lanes are between the Midwest and the West Coast, Southwest, Southeast, and the East Coast, as well as from California to the Pacific Northwest. It provides regional truckload carrier services in the Southeast, West Coast, Midwest, South Central and Northeast regions. The Company operates through four segments: Truckload, offers a combination of regional short-haul and medium-to-long-haul full-load transportation services; Dedicated, provides transportation solutions, including temperature-controlled trailers and other specialized equipment; Intermodal, transports freight, and Brokerage, arranges for third-party carriers to transport freight.

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