Large Outflow of Money Witnessed in CSX Corporation

CSX Corporation (CSX) traded on a positive note gaining 0.19 points or 0.4% to be valued at $46.58 per share. Intraday, the shares aggregated $39.78 million in upticks but saw an exodus of $46.38 million in downticks. The net money flow was calculated to be $(-6.6) million with the final up/down ratio coming in at 0.86. The share price has seen a change of -3.09% in value during the week. Block trade of up/down ratio of 0.72 was also registered with $11.11 million in upticks and $15.35 million in downticks. The net money flow for the block exchange was disappointing at $(-4.24) Million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

CSX Corporation has dropped 1.46% in the last five trading days, however, the shares have posted positive gains of 31.06% in the last 4 weeks. CSX Corporation is up 55.14% in the last 3-month period. Year-to-Date the stock performance stands at 31.06%. CSX Corporation (NASDAQ:CSX) rose 1.51% or 0.7 points on Wednesday and made its way into the gainers of the day. After trading began at $46.55 the stock was seen hitting $47.19 as a peak level and $46.41 as the lowest level. The stock ended up at $47.09. The daily volume was measured at 11,808,919 shares. The 52-week high of the share price is $49.13 and the 52-week low is $21.64. The company has a market cap of $43,731 million.

Company has reported several Insider transactions to the SEC, on Dec 16, 2016, Clarence W Gooden (President) sold 28,587 shares at 36.92 per share price.On Oct 19, 2016, Michael J Ward (Chairman and CEO) sold 300,000 shares at 30.97 per share price.On Sep 3, 2015, David M Ratcliffe (director) purchased 1,868 shares at 26.84 per share price.

CSX Corporation Last issued its quarterly earnings results on Jan 17, 2017. The company reported $0.49 EPS for the quarter. Analyst had a consensus estimate of $0.49. The company had revenue of $2859.00 million for the quarter, compared to analysts expectations of $2864.35 million. The companys revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.CSX Corporation was Upgraded by TD Securities to Buy on Jan 30, 2017. Company shares were Reiterated by Barclays on Jan 30, 2017 to Overweight, Raises Price Target to $ 50 from a previous price target of $41 .Company shares were Reiterated by RBC Capital Mkts on Jan 27, 2017 to Outperform, Raises Price Target to $ 65 from a previous price target of $42 .Company shares were Upgraded by UBS on Jan 25, 2017 to Buy, Raises Price Target to $ 57 from a previous price target of $38 .CSX Corporation was Downgraded by Deutsche Bank on Jan 20, 2017 to Hold, Price Target of the shares are set at $42.

CSX Corporations unique combination of rail, container-shipping, intermodal and logistics services provides global reach thats second to none. The companys goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.


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