Large Inflow of Money Detected in Landstar System

Landstar System (LSTR) : Investors lapped up stocks on upticks to the tune of $9.28 million in the Wednesdays trading session. The trading value on downticks was comparatively at $6.65 million and the uptick to downtick ratio of 1.4 indicates continuous buying by the bulls. The net money flow into the stock was $2.63 million. Upticks saw transactions worth $1.52 clearly indicating buying by large investors. The total money flow for block trades stood at $1.52 million, which is a positive for the stock in the long-term. Landstar System (LSTR) fell $0.13 during the day at $69.88, a drop of -0.19% over the previous days close. However, for the week, the stock is -1.88%, compared to the previous week.


Landstar System (NASDAQ:LSTR): The stock opened at $70.15 on Wednesday but the bulls could not build on the opening and the stock topped out at $70.79 for the day. The stock traded down to $69.66 during the day, due to lack of any buying support eventually closed down at $69.88 with a loss of -0.19% for the day. The stock had closed at $70.01 on the previous day. The total traded volume was 644,809 shares.

The stock has recorded a 20-day Moving Average of 1.13% and the 50-Day Moving Average is 3.5%. In a related news, The Securities and Exchange Commission has divulged that Beacom Joseph J, officer (VP, CSO, COO) of Landstar System Inc, had unloaded 3,987 shares at an average price of $68.1 in a transaction dated on June 6, 2016. The total value of the transaction was worth $271,515.

Landstar System, Inc. (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage all of a customers transportation needs. The Company operates in two segments: the Transportation Logistics segment, which provides a range of integrated transportation management solutions and the Insurance segment, which provides risk and claims management services to certain of Landstars operating subsidiaries. Landstar provides services throughout the United States, Canada, Mexico and other countries around the world. The Companys services are delivered through a network of independent commission sales agents and third-party capacity providers linked together by a series of technological applications which are provided and coordinated by the Company.

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