Shares of CSX Corporation (CSX) Rally 7.5%

CSX Corporation (CSX) : Traders are bullish on CSX Corporation (CSX) as it has outperformed the S&P 500 by a wide margin of 2.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.92%, 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 7.5% in the last 1 week, and is up 6.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.91% and the 50-Day Moving Average is 9.02%.

CSX Corporation (NYSE:CSX): The stock opened at $29.05 on Friday but the bulls could not build on the opening and the stock topped out at $29.08 for the day. The stock traded down to $28.38 during the day, due to lack of any buying support eventually closed down at $28.52 with a loss of -1.82% for the day. The stock had closed at $29.05 on the previous day. The total traded volume was 8,868,927 shares.


The company Insiders own 0.36% of CSX Corporation shares according to the proxy statements. Institutional Investors own 69.5% of CSX Corporation shares. In a related news, Ratcliffe David M, director of Csx Corp, executed a transaction worth $50,137 on September 1, 2015. A total of 1,868 shares were purchased at an average price of $26.84. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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