Large Inflow of Money Detected in Kirby Corporation

Kirby Corporation (KEX) : Kirby Corporation (KEX) had a healthy money flow of $2.04 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $8.33 million, whereas, investors only sold shares worth $6.29 million on downticks. The stock closed the day with an up-down ratio of 1.32.The money flow in the block trades to the tune of $3.18 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.18 million worth of transactions were on upticks. Kirby Corporation (KEX) stock slid $0.56 intraday and traded at 63.02, a change of -0.88% over previous days close. However, for the week, the company shares are 1.35% compared to previous weeks close.


The stock has recorded a 20-day Moving Average of 2.41% and the 50-Day Moving Average is 5.18%. Shares have dropped -20.21% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $78.72 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $67.22 and the 200 Day Moving Average price is recorded at $60.00.

Kirby Corporation (NYSE:KEX): The stock opened at $64.19 on Thursday but the bulls could not build on the opening and the stock topped out at $64.60 for the day. The stock traded down to $62.51 during the day, due to lack of any buying support eventually closed down at $63.05 with a loss of -0.83% for the day. The stock had closed at $63.58 on the previous day. The total traded volume was 476,884 shares.

In an insider trading activity, Miller Monte J, director of Kirby Corp, unloaded 3,000 shares at an average price of $69.31 on June 1, 2016. The total amount of the transaction was worth $207,930, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Kirby Corporation is the domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment, sells replacement parts, provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines, transmissions and entire reduction gears, and manufactures and remanufactures oilfield service equipment, including pressure pumping units. Its customers include oil service companies, offshore fishing companies, nuclear power industry, compression companies and construction companies, among others.

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