CSX Corporation (NYSE:CSX), A reduction of 889,752 shares or 9.9% was observed in the short interest of CSX Corporation The interest on June 15,2016 came in at 8,115,990 shares and as per the average daily trading of 5,970,539 shares, the days to cover are 1. The reduced interest is 0.9% of the floated shares. The data of May 31,2016 put the interest at 9,005,742 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
CSX Corporation (NYSE:CSX): The stock opened at $25.87 on Friday but the bulls could not build on the opening and the stock topped out at $26.34 for the day. The stock traded down to $25.51 during the day, due to lack of any buying support eventually closed down at $25.70 with a loss of -4.81% for the day. The stock had closed at $27.00 on the previous day. The total traded volume was 13,484,430 shares.
The company shares have dropped -20.87% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $33.63 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $26.18 and the 200 Day Moving Average price is recorded at $25.30.
CSX Corporation (NYSE:CSX) has tumbled 3.93% during the past week and has dropped 0.73% in the last 4 week period. The stocks have underperformed the S&P 500 by 2.33% during the past week but CSX Corporation (NYSE:CSX) it has outperformed the index in 4 weeks by 2.27%.
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.