CSX Corporation (NYSE:CSX) has tumbled 0.11% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.6% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.09% and the outperformance has advanced to 2.66% for the last 4 weeks period.
CSX Corporation (NYSE:CSX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.45 and $26.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.75, notching a gain of 1.21% for the day. The total traded volume was 8,708,379 . The stock had closed at $26.43 on the previous day.
The company shares have dropped -23.68% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $35.43 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $26.19 and the 200 Day Moving Average price is recorded at $25.32.
On the companys insider trading activities, Ratcliffe David M, director of Csx Corp, had purchased 1,868 shares on September 1, 2015. The total value of the transaction was $50,137. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Oppenheimer initiates coverage on CSX Corporation (NYSE:CSX). The current rating of the shares is Market Perform, according to the research report released by the firm. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.36% of CSX Corporation shares according to the proxy statements. Institutional Investors own 69.63% of CSX Corporation shares.
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.