Large Outflow of Money Witnessed in CSX Corporation

CSX Corporation (CSX) : The total money flow in CSX Corporation (CSX) was negative ($3.87 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $12.35 million. In comparison, the inflow of money into the stock on upticks was $8.48 million. The uptick to downtick ratio was 0.69. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $4.8 million. The value of transactions on uptick was $1.94 million. The negative money flow of ($2.86 million) confirms the selling in CSX Corporation (CSX) on strength. The uptick to downtick ratio of block trades was 0.4. CSX Corporation (CSX) gained $0.33 at $29.95, a gain of 1.11% over the previous days close. However, the stock registered 1.05% in the week.


Shares of CSX Corp. rose by 1.01% in the last five trading days and 5.74% for the last 4 weeks. CSX Corp. is up 17.61% in the last 3-month period. Year-to-Date the stock performance stands at 18.07%.

CSX Corporation (CSX) has an average broker rating of 2.49, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

CSX Corporation (NYSE:CSX): The stock opened at $29.76 and touched an intraday high of $30.05 on Wednesday. During the day, the stock corrected to an intraday low of $29.595, however, the bulls stepped in and pushed the price higher to close in the green at $30.01 with a gain of 1.32% for the day. The total traded volume for the day was 4,422,436. The stock had closed at $29.62 in the previous trading session.

CSX Corporation (CSX), together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. The Company has three lines of business: merchandise business, coal business and the intermodal business. The Companys merchandise business transports aggregates (which include crushed stone, sand and gravel), metal, phosphate, fertilizer, food, consumer (manufactured goods and appliances), agricultural, automotive, paper and chemical products. Its coal business transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities. Through a network of around 50 terminals, the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods in containers, providing truck-like services for longer shipments.

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