Large Inflow of Money Detected in CSX Corporation

CSX Corporation (CSX) : The money flow analysis of CSX Corporation (CSX) indicates a $0.45 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $1.47 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 3.3 and so was the total money flow at $1.02 million. The bulls lapped up $1.21 million worth of block trades on upticks. The money flow was $1.21 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of CSX Corporation (CSX), pushing it down by -0.32% for the day. The stock slid $0.09 and traded at $28.21 during the day. Nonetheless, the stock is -1.09% over the previous weeks close.


Also, In the latest statement by the brokerage house, Stifel Nicolaus downgrades its outlook on CSX Corporation (NYSE:CSX). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 15, 2016.

CSX Corporation (NYSE:CSX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.38 and $28.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.62, notching a gain of 1.13% for the day. The total traded volume was 6,079,484 . The stock had closed at $28.30 on the previous day.

The stock has recorded a 20-day Moving Average of 7.25% and the 50-Day Moving Average is 8.78%. 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 (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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