Shares of Swift Transportation Company (SWFT) Sees Large Outflow of Money

Swift Transportation Company (SWFT) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($6.07 million) and the uptick to downtick ratio was 0.39. The transaction value on upticks was $3.8 million and on downticks, the transaction value was $9.87 million. The transaction value of block trades during downticks was $5.64 million. The money flow was negative ($5.64 million), indicating the traders were booking profit on the price strength. Swift Transportation Company (SWFT) rose $0.03 at $17, during intraday Wednesday , a rise of 0.18% over the previous days close.


Also, Brokerage firm Citigroup maintains its rating on Swift Transportation Company (NYSE:SWFT). As per the latest information, the brokerage house lowers the price target to $20 per share from a prior target of $21. The shares have been rated Buy. The rating by the firm was issued on July 13, 2016.

Swift Transportation Company (NYSE:SWFT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.95 and $16.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.03, notching a gain of 0.35% for the day. The total traded volume was 2,605,887 . The stock had closed at $16.97 on the previous day.

The stock has recorded a 20-day Moving Average of 6.01% and the 50-Day Moving Average is 6.78%. In a related news, Runnels Kenneth C, officer (Executive VP Fleet Operations) of Swift Transportation Co, unloaded 1,435 shares at an average price of $17.94 on February 26, 2016. The total amount of the transaction was worth $25,744, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated, through which, the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated, which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers, and Intermodal segment, which includes revenue generated by moving freight over the rail in the Companys containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.

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