CSX Corporation (CSX) : Mondays money flow data in CSX Corporation (CSX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $28.78 million, whereas, $23.87 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.21, in favor of the bulls. The total money flow into the stock was $4.91 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $5.46 million. The total value of block trades done on upticks was $12.24 million. The value of bearish trades on downticks was only $6.78 million.The up/down ratio in the block trades was a healthy 1.81 in favor of the bulls, suggesting strong buying in the stock by large traders. CSX Corporation (CSX) fell $0.05 and traded at $28.47, down -0.18% for the day, over previous days close. On a weekly basis, the shares are 7.31% over the previous weeks close.
CSX Corp. is up 9.97% in the last 3-month period. Year-to-Date the stock performance stands at 11.3%. Shares of CSX Corp. rose by 6.75% in the last five trading days and 7.72% for the last 4 weeks. In a related news, Ratcliffe David M, director of Csx Corp, executed a transaction worth $50,137 on September 1, 2015. A total of 1,868 shares were purchased at an average price of $26.84. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
CSX Corporation (NYSE:CSX): On Mondays trading session , Opening price of the stock was $28.66 with an intraday high of $28.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.37. However, the stock managed to close at $28.47, a loss of 0.18% for the day. On the previous day, the stock had closed at $28.52. The total traded volume of the day was 6,947,439 shares.
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.