Shares of Expeditors International of Washington (EXPD) Sees Large Outflow of Money

Expeditors International of Washington (EXPD) : The total money flow in Expeditors International of Washington (EXPD) was negative ($2.94 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $7.86 million. Transactions on upticks were comparatively lower at $4.92 million. The uptick to downtick ratio was 0.63. The total block trades on downticks were valued at $3.46 million. The money flow during block trades was negative ($3.46 million) when the stock traded with a gain of $25 cent. Expeditors International of Washington (EXPD) was $49.22, an increase of 0.51% over the previous days close.


Expeditors International of Washington (EXPD) : The highest level Expeditors International of Washington (EXPD) is projected to reach is $58 for the short term and the lowest estimate is at $42. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $49.96 and the possibility the share price can swing is $5.19. The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 1.71%.

Expeditors International of Washington (NASDAQ:EXPD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.04 and $48.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.26, notching a gain of 0.59% for the day. The total traded volume was 854,545 . The stock had closed at $48.97 on the previous day.

Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The Companys services include air and ocean freight transportation and customs brokerage. The Company also provides additional services, including order management, time-definite transportation, warehousing and distribution, cargo insurance and logistics solutions. The Company operates in Americas, including the United States, Other North America and Latin America; Asia Pacific; Europe, and Middle East, Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline, which carries the shipment. The Company operates Expeditors International Ocean, Inc. (EIO), an Ocean Transportation Intermediary, also known as Non-Vessel Operating Common Carrier (NVOCC), which specializes in ocean freight services in trade lanes across the world.

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