CSX Stock Summary and Trading Ideas (CSX | NASDAQ:CSX)

Operating in the Eastern United States, Class I railroad CSX generated revenue near $14.7 billion in 2023. On its more than 21,000 miles of track, CSX hauls shipments of coal (16% of consolidated revenue), chemicals (17%), intermodal containers (16%), automotive cargo (7%), and a diverse mix of other bulk and industrial merchandise.

CSX trades on the NASDAQ stock market under the symbol CSX.

As of April 17, 2024, CSX stock price declined to $34.16 with 22,287,941 million shares trading.

CSX has a beta of 0.90, meaning it tends to be less sensitive to market movements. CSX has a correlation of 0.30 to the broad based SPY ETF.

CSX has a market cap of $66.92 billion. This is considered a Large Cap stock.

Last quarter CSX reported $4 billion in Revenue and $.45 earnings per share. This beat revenue expectation by $50 million and exceeded earnings estimates by $.01.

In the last 3 years, CSX stock traded as high as $40.12 and as low as $25.80.

The top ETF exchange traded funds that CSX belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

CSX has underperformed the market in the last year with a price return of +13.6% while the SPY ETF gained +23.0%. CSX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.3% and -6.4%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

CSX support price is $34.41 and resistance is $35.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CSX stock will trade within this expected range on the day.