Large Outflow of Money Witnessed in CSX Corporation

CSX Corporation (CSX) : The total money flow in CSX Corporation (CSX) was negative ($1.65 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $2.4 million. Transactions on upticks were comparatively lower at $0.75 million. The uptick to downtick ratio was 0.31. The total block trades on downticks were valued at $1.72 million. The money flow during block trades was negative ($1.72 million) when the stock traded with a gain of $45 cent. CSX Corporation (CSX) was $27.12, an increase of 1.69% over the previous days close.


The company Insiders own 0.36% of CSX Corporation shares according to the proxy statements. Institutional Investors own 69.49% of CSX Corporation shares. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Csx Corp, Ratcliffe David M, had purchased 1,868 shares in a transaction dated on September 1, 2015. The transaction was executed at $26.84 per share with total amount equaling $50,137.

Shares of CSX Corp. rose by 5.26% in the last five trading days and 0.9% for the last 4 weeks. CSX Corp. is up 8.88% in the last 3-month period. Year-to-Date the stock performance stands at 5.63%.

CSX Corporation (NYSE:CSX): stock turned positive on Tuesday. Though the stock opened at $26.98, the bulls momentum made the stock top out at $27.18 level for the day. The stock recorded a low of $26.8 and closed the trading day at $27.02, in the green by 1.31%. The total traded volume for the day was 8,840,224. The stock had closed at $26.67 in the previous days trading.

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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