CSX Corporation (CSX) Shares are Up 5.16%

CSX Corporation (CSX) : Traders are bullish on CSX Corporation (CSX) as it has outperformed the S&P 500 by a wide margin of 4.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.61%, 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 5.16% in the last 1 week, and is up 2.3% 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 3.19% and the 50-Day Moving Average is 4.39%.The 200 Day SMA reached 13.78% CSX Corp. is up 10.35% in the last 3-month period. Year-to-Date the stock performance stands at 15.4%.


CSX Corporation (CSX) : The most positive equity analysts on CSX Corporation (CSX) expects the shares to touch $35, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $28.39 with an expected fluctuation of $4.25 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. CSX Corporation (NYSE:CSX): The stock opened at $29.13 and touched an intraday high of $29.405 on Friday. During the day, the stock corrected to an intraday low of $28.87, however, the bulls stepped in and pushed the price higher to close in the green at $29.33 with a gain of 0.34% for the day. The total traded volume for the day was 11,223,811. The stock had closed at $29.23 in the previous trading session.

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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