C.H. Robinson Worldwide (CHRW) : Net money flow in C.H. Robinson Worldwide (CHRW) was negative ($1.28 million) and the inflow of money on uptick was $2.79 million, whereas, the outflow of money on downticks amounted to $4.06 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.69. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $1.39 million. The money flow in block trades was negative ($1.39). C.H. Robinson Worldwide (CHRW) gained $0.17 cent during the day and reached $69.6, a gain of 0.24% over the previous day.
Also, Equity Analysts at the Morgan Stanley maintains the rating on C.H. Robinson Worldwide (NASDAQ:CHRW). The brokerage firm has issued a Underweight rating on the shares. The Analysts at the ratings agency lowers the price target from $65 per share to $64 per share. The rating by the firm was issued on August 1, 2016.
Shares of CH Robinson Worldwide Inc. rose by 0.17% in the last five trading days and 0.4% for the last 4 weeks. CH Robinson Worldwide Inc. has dropped 6.37% during the last 3-month period . Year-to-Date the stock performance stands at 13.43%.
C.H. Robinson Worldwide (NASDAQ:CHRW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.48 and $69.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.52, notching a gain of 0.13% for the day. The total traded volume was 707,729 . The stock had closed at $69.43 on the previous day.
In a related news,The officer (VP, Human Resources) of C H Robinson Worldwide Inc, Freeman Angela K. sold 2,200 shares at $73.15 on May 9, 2016. The Insider selling transaction had a total value worth of $160,930. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
C.H. Robinson Worldwide, Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. The Company operates through a network of 281 offices in North America, Europe, Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying, selling and marketing of fresh fruits, vegetables, and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services, such as replenishment, category management and merchandising.