Large Inflow of Money Detected in Expeditors International of Washington

Expeditors International of Washington (EXPD) : On Wednesday, The money flowed into the Expeditors International of Washington (EXPD) stock with an uptick to downtick ratio was recorded at 1.41. Transactions worth $4.57 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $3.23 million. The total money flow into the stock was $1.34 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.56 million of block transactions on upticks. The total money flow in block trades was $0.56 million. In terms of price action, Expeditors International of Washington (EXPD) traded down $0.07 during the session at $49.93. Compared to the previous days closing, the stock was down only by -0.14%. For the week, the stock is -0.14%, over previous weeks closing.


Also, Equity Analysts at the Barclays upgrades the rating on Expeditors International of Washington (NASDAQ:EXPD). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency raises the price target from $51 per share to $58 per share. The rating by the firm was issued on April 15, 2016.

Expeditors International of Washington (NASDAQ:EXPD): The stock opened at $50.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $50.20 for the day. The stock traded down to $49.81 during the day, due to lack of any buying support eventually closed down at $49.81 with a loss of -0.38% for the day. The stock had closed at $50.00 on the previous day. The total traded volume was 840,770 shares.

The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 2.32%. In a related news,The officer (Executive VP Global Services) of Expeditors International Of Washington Inc, Alger Eugene K sold 12,460 shares at $48.5 on June 1, 2016. The Insider selling transaction had a total value worth of $604,310. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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