Kirby Corporation (KEX) : The total negative money flow of $1.58 million on Tuesday indicates selling on strength. The inflow of money on upticks was $0.74 million, compared to $2.32 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.32. The negative money flow of $1.3 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $1.3 million. The price action in the Kirby Corporation (KEX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $52.48 with a gain of $0.36 , a change of 0.69% over the previous days close. The stock registered 1.02% for the week.
Also, Equity Analysts at the Wells Fargo downgrades the rating on Kirby Corporation (NYSE:KEX). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on July 25, 2016.
Kirby Corporation has lost 5.83% in the last five trading days and dropped 2.34% in the last 4 weeks. Kirby Corporation has dropped 24.59% during the last 3-month period . Year-to-Date the stock performance stands at -0.87%.
Kirby Corporation (NYSE:KEX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.02 and $51.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.16, notching a gain of 0.08% for the day. The total traded volume was 559,788 . The stock had closed at $52.12 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Miller Monte J, director of Kirby Corp, had unloaded 3,000 shares at an average price of $69.31 in a transaction dated on June 1, 2016. The total value of the transaction was worth $207,930.
Kirby Corporation is the domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment, sells replacement parts, provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines, transmissions and entire reduction gears, and manufactures and remanufactures oilfield service equipment, including pressure pumping units. Its customers include oil service companies, offshore fishing companies, nuclear power industry, compression companies and construction companies, among others.