CSX Corporation (CSX) : Traders are bullish on CSX Corporation (CSX) as it has outperformed the S&P 500 by a wide margin of 5.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.63%, 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 1.06% in the last 1 week, and is up 7.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CSX Corporation (NYSE:CSX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.29 and $28.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.63, notching a gain of 2.07% for the day. The total traded volume was 4,882,857 . The stock had closed at $28.05 on the previous day.
The stock has recorded a 20-day Moving Average of 1.86% and the 50-Day Moving Average is 6.08%. CSX Corp. is up 10.21% in the last 3-month period. Year-to-Date the stock performance stands at 11.92%.
CSX Corporation (CSX) : 13 Wall Street analysts covering CSX Corporation (CSX) believe that the average level the stock could reach for the short term is $28.92. The maximum price target given is $39 and the minimum target for short term is around $18, hence the standard deviation is calculated at $4.86.
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.