Large Inflow of Money Witnessed in XPO . by Steve Anderson on April 7, 2015
Somebody must be taking advantage of the long wait between acquisitions. imo
XPO Logistics, Inc. (NYSE:XPO) dropped -1.73% or -0.77 points to trade at $43.73 per share. As per the latest trading data available, the net money flow stood at $5.99 million as the counter received $14.43 million in upticks and gave away $8.44 million in downticks. The final up/down ratio was at 1.71, which is a very positive sign and conveys that long positions are being made. On a weekly basis, the stock has appreciated by -1.73%.During the course of the session, the counter witnessed a block trade with an up/down ratio of 3.6. $7.86 million was the inflow in upticks and $2.18 million was the outflow in downticks. For the block trade, the net money flow was $5.67 million.
XPO Logistics, Inc. (NYSE:XPO) slipped 1.73% or 0.77 points in daily trade. The first trade was executed at $43.54 and the stock saw an intraday high of $44.25. In a clear sign of sustained selling, the price closed at $43.37, which was also the lowest point of the day. Closing at the lowest point of the day is a big negative for the stock and more losses may follow todays dismal session. The total number of shares exchanging hands stood at 1,017,801. The 52-week high of the company is registered $47.49 and its latest market cap is $3,483 million.
Oppenheimer maintains its view on XPO Logistics, Inc. (NYSE:XPO) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Oppenheimer raises the price target from $47 per share to $52 per share on XPO Logistics, Inc..
XPO Logistics, Inc. (NYSE:XPO) stock has received a short term price target of $ 50.3 from 10 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.71. The higher estimate of target price is $56 , while the lower price target estimate is $45
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