Canadian Pacific Railway Limited (CP) : The total money flow in Canadian Pacific Railway Limited (CP) was negative ($2.24 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $11.24 million. In comparison, the inflow of money into the stock on upticks was $9 million. The uptick to downtick ratio was 0.8. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0.1 million. The negative money flow of ($0.1 million) confirms the selling in Canadian Pacific Railway Limited (CP) on strength. Canadian Pacific Railway Limited (CP) gained $0.84 at $143.93, a gain of 0.59% over the previous days close. However, the stock registered 1.74% in the week.
Also, Argus Research initiates coverage on Canadian Pacific Railway Limited (NYSE:CP).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on June 30, 2016.
Canadian Pacific Railway Limited (NYSE:CP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $141.96 and $141.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $151.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $150.61, notching a gain of 5.26% for the day. The total traded volume was 1,889,654 . The stock had closed at $143.09 on the previous day.
The stock has recorded a 20-day Moving Average of 14.17% and the 50-Day Moving Average is 14.71%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP HR & Labour Relations) of Canadian Pacific Railway Ltd/Cn, Edwards Peter John, had purchased 001 shares in a transaction dated on April 25, 2016. The transaction was executed at $147 per share with total amount equaling $147.
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.