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

CSX Corporation (CSX): The stock had negative money flow to the tune of ($0.96 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.4 million, whereas, the outflow of money on downticks was $1.36 million and the ratio between the two was 0.29. The block trade had a negative net money flow of ($1.06 million). On the other hand, downticks amounted to $1.06 million of the traded value, which shows distribution in the stock by traders. CSX Corporation (CSX) closed with marginal gains of 15 cents to end the day at $26.12, an increase of 0.58% over the previous days close. The stock recorded -0.34% for the week.


CSX Corporation (CSX) : Currently there are 15 street experts covering CSX Corporation (CSX) stock. The most bullish and bearish price target for the stock is $39 and $18 respectively for the short term. The average price target of all the analysts comes to $27.33. The estimated standard deviation from the target is $4.37. The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 1.04%.

CSX Corporation (NYSE:CSX): The stock opened at $25.91 on Thursday but the bulls could not build on the opening and the stock topped out at $26.24 for the day. The stock traded down to $25.80 during the day, due to lack of any buying support eventually closed down at $25.88 with a loss of -0.35% for the day. The stock had closed at $25.97 on the previous day. The total traded volume was 4,433,206 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.

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