Csx Corp (CSX) Files Form 4 Insider Selling : Clarence W Gooden Sells 17,332 Shares

Csx Corp (CSX): Clarence W Gooden , President of Csx Corp sold 17,332 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $29.43 per share for a total value of $510,184.22 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 3, 2015, David M Ratcliffe (director) purchased 1,868 shares at $26.84 per share price.On May 8, 2015, Fredrik J Eliasson (EVP & Chief Financial Officer) sold 30,000 shares at $35.48 per share price.Also, On Apr 20, 2015, Gilbert H Lamphere (director) sold 165,556 shares at $32.38 per share price.

Shares of CSX Corporation (CSX) ended Tuesday, Sep 27, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.30% at $29.62 with 52,56,563 shares getting traded. Post opening the session at $29.76, the shares hit an intraday low of $29.59 and an intraday high of $29.9 and the price vacillated in this range throughout the day. The company has a market cap of $28,020 M and the number of outstanding shares has been calculated to be 94,59,90,950 shares. The 52-week high of CSX Corporation is $30.53 and the 52-week low is $21.325.

CSX Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.CSX Corporation is Downgraded by BB&T Capital Mkts to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 15, 2016.CSX Corporation is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $27 .The Rating was issued on Jul 15, 2016.CSX Corporation is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 15, 2016.CSX Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $30 .The Rating was issued on Jul 15, 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 Company’s 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.

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