Shares of CSX Corporation (CSX) Sees Large Outflow of Money

CSX Corporation (CSX) : Net money flow in CSX Corporation (CSX) was negative ($2.83 million) and the inflow of money on uptick was $4.44 million, whereas, the outflow of money on downticks amounted to $7.28 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.61. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.74 million. On the other hand, the total value of block trades done on downticks was $4.09 million. The ratio of uptick to downtick block trades was 0.43. The money flow in block trades was negative ($2.35). CSX Corporation (CSX) gained $0.17 cent during the day and reached $28.23, a gain of 0.61% over the previous day.


CSX Corp. has lost 1.65% in the last five trading days and dropped 1.79% in the last 4 weeks. CSX Corp. is up 11.8% in the last 3-month period. Year-to-Date the stock performance stands at 9.5%.

CSX Corporation (NYSE:CSX): The stock opened at $28.08 on Monday but the bulls could not build on the opening and the stock topped out at $28.31 for the day. The stock traded down to $28.00 during the day, due to lack of any buying support eventually closed down at $28.01 with a loss of -0.18% for the day. The stock had closed at $28.06 on the previous day. The total traded volume was 4,359,118 shares.

In a related news, Ratcliffe David M, director of Csx Corp had purchased 1,868 shares on September 1, 2015 in a transaction. The price per share was $26.84 and the total amount of the disclosed transaction was $50,137.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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