World Fuel Services Corporation (INT) : The value of composite uptick trades was $0.21 million, whereas, the value of composite downtick trades was $1.27 million. The uptick to downtick ratio stood at 0.16 with a negative money flow of ($1.06) Million during Wednesdays trading session. The block trades money flow was negative ($1.09 million). The transaction of the trades on downticks amounted to $1.09 million, which confirms investors selling on the strength of price. World Fuel Services Corporation (INT) gained 7 cents at $47.8, an increase of 0.15% over the previous days close.
Also, Credit Suisse downgrades their rating on the shares of World Fuel Services Corporation (NYSE:INT). The current rating of the shares is Neutral. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm maintains the price target to $45 per share. The rating by the firm was issued on April 29, 2016.
World Fuel Services Corporation (NYSE:INT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.89 and $47.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.13, notching a gain of 0.84% for the day. The total traded volume was 380,115 . The stock had closed at $47.73 on the previous day.
The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 4.97%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Chief Accounting Officer) of World Fuel Services Corp, Velazquez Carlos M. had sold 4,500 shares worth of $203,670 in a transaction dated May 12, 2016. In this transaction, 4,500 shares were sold at $45.26 per share.
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company is engaged in the distribution of fuel, and related products and services in the aviation, marine and land transportation industries. It operates in three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines, second and third-tier airlines, cargo carriers, regional and low cost carriers, airports, fixed-based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the United States and foreign Governments. The marine segment offers fuel, lubricants, and related products and services to a base of marine customers, including international container and tanker fleets, commercial cruise lines, yachts and time-charter operators, the United States and foreign Governments. The land segment offers fuel, lubricants, and related products and services to petroleum distributors.