Shares of Canadian Pacific Railway Limited (NYSE:CP) Sees Large Inflow of Net Money Flow

Canadian Pacific Railway Limited (NYSE:CP) witnessed a selling pressure and the shares last traded with a loss of -2.1 points or -1.62% at $127.84. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $7.69 million with an inflow of $80.34 million in upticks and an outflow of $72.65 million in downticks. Using the data, the up/down ratio is found to be 1.11. The share price has recorded -3.66% on a weekly basis.A block trade of $21.93 million in uptick and $11.11 million in downtick was also observed, resulting in an up/down ratio of 1.97. The net money flow of the block trade stood at a $10.82, signaling heavy buying.


Currently the company Insiders own 0.13% of Canadian Pacific Railway Limited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.1% . Institutional Investors own 71.1% of Canadian Pacific Railway Limited shares. During last six month period, the net percent change held by insiders has seen a change of 0.1%. On the companys insider trading activities, Edwards Peter John, officer (VP HR & Labour Relations) of Canadian Pacific Railway Ltd/Cn, executed a transaction worth $147 on April 25, 2016. A total of 001 shares were purchased at an average price of $147. 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.

Canadian Pacific Railway Limited (NYSE:CP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.92 points or 1.48% at $128.02 with 2,916,229 shares getting traded. Post opening the session at $128.66, the shares hit an intraday low of $127.44 and an intraday high of $129.55 and the price was in this range throughout the day. The company has a market cap of $19,595 million and the number of outstanding shares have been calculated to be 153,059,430 shares. The 52-week high of Canadian Pacific Railway Limited (NYSE:CP) is $171.45 and the 52-week low is $97.09.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Morgan Stanley assumes its rating on Canadian Pacific Railway Limited (NYSE:CP).The analysts at the brokerage house have a current rating of Overweight on the shares. The rating by the firm was issued on June 3, 2016.

Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts, chemicals and plastics, crude oil, forest products, and metals, minerals, and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.