CSX Corporation (CSX) : Traders are bullish on CSX Corporation (CSX) as it has outperformed the S&P 500 by a wide margin of 0.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.17% in the last 1 week, and is up 0.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CSX Corp. is up 11.82% in the last 3-month period. Year-to-Date the stock performance stands at 12.08%. The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 4.72%.
CSX Corporation (NYSE:CSX): The stock was completely flat for the day, closing at $28.67 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $28.57, the stock touched an intraday high of $28.75 and a low of $28.50. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $28.67. The total trading volume on Friday was 4,782,294.
Also, Atlantic Equities initiates coverage on CSX Corporation (NYSE:CSX) The shares have been rated Neutral. The rating by the firm was issued on August 11, 2016.
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.