Large Outflow of Money Witnessed in XPO Logistics

XPO Logistics (XPO) : The total negative money flow of $1.36 million on Wednesday indicates selling on strength. The inflow of money on upticks was $3.27 million, compared to $4.63 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.71. The negative money flow of $1.36 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.36 million in a block trade.The transaction value of block trade on downtick was $1.72 million. The uptick to downtick ratio was 0.21. The price action in the XPO Logistics (XPO) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $36.22 with a gain of $0.38 , a change of 1.06% over the previous days close. The stock registered 2.55% for the week.

XPO

Shares of XPO Logistics, Inc. rose by 2.86% in the last five trading days and 1.8% for the last 4 weeks. XPO Logistics, Inc. is up 45.08% in the last 3-month period. Year-to-Date the stock performance stands at 34.75%.

XPO Logistics (XPO) : 12 analysts are covering XPO Logistics (XPO) and their average rating on the stock is 1.46, which is read as a Strong Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. XPO Logistics (XPO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock.

XPO Logistics (NYSE:XPO): The stock opened at $35.19 and touched an intraday high of $36.9 on Wednesday. During the day, the stock corrected to an intraday low of $35.19, however, the bulls stepped in and pushed the price higher to close in the green at $36.72 with a gain of 2.46% for the day. The total traded volume for the day was 977,269. The stock had closed at $35.84 in the previous trading session.

XPO Logistics, Inc. is a provider of transportation logistics services and a provider of engineered, technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage, intermodal, last mile, expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services, including warehousing and distribution, reverse logistics, transportation management, freight bill audit and payment, aftermarket support and supply chain optimization for its clients. Its services include truckload transportation, last mile logistics, engineered supply chain solutions, warehousing and distribution, ground and air expedite, intermodal, global forwarding and managed transportation. It also offers truckload transportation in North America.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.