Shares of CSX Corporation (CSX) Sees Large Outflow of Money

CSX Corporation (CSX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($16.44 million) and the uptick to downtick ratio was 0.81. The transaction value on upticks was $71.64 million and on downticks, the transaction value was $88.08 million. In block trades, the transaction value of inflow done during uptick was $10.32 million. The transaction value of block trades during downticks was $20.61 million. The uptick to downtick block trade ratio was 0.5. The money flow was negative ($10.29 million), indicating the traders were booking profit on the price strength. CSX Corporation (CSX) rose $0.84 at $29.05, during intraday Thursday , a rise of 2.98% over the previous days close.


The stock has recorded a 20-day Moving Average of 10.47% and the 50-Day Moving Average is 11.27%. Shares have dropped -16.84% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $33.10 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $26.23 and the 200 Day Moving Average price is recorded at $25.31.

CSX Corporation (NYSE:CSX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.28 and $28.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.05, notching a gain of 2.98% for the day. The total traded volume was 19,014,302 . The stock had closed at $28.21 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Csx Corp, Ratcliffe David M, had purchased 1,868 shares in a transaction dated on September 1, 2015. The transaction was executed at $26.84 per share with total amount equaling $50,137.

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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