TipRanks (Wed, 17-Apr 8:45 PM ET)
CSX shares climb after-hours as Q1 results top expectations
Seeking Alpha News (Wed, 17-Apr 4:50 PM ET)
CSX shares climb after Q1 results top expectations
Seeking Alpha News (Wed, 17-Apr 4:50 PM ET)
CSX GAAP EPS of $0.46 beats by $0.01, revenue of $3.68B beats by $10M
Seeking Alpha News (Wed, 17-Apr 4:02 PM ET)
CSX Corp. Announces First Quarter 2024 Results
Globe Newswire (Wed, 17-Apr 4:01 PM ET)
U.S. weekly rail traffic rises 1.5% year-over-year
Seeking Alpha News (Wed, 17-Apr 3:49 PM ET)
Options Volatility and Implied Earnings Moves Today, April 17, 2024
TipRanks (Wed, 17-Apr 7:05 AM ET)
Notable earnings after Wednesday's close
Seeking Alpha News (Tue, 16-Apr 5:35 PM ET)
Seeking Alpha News (Tue, 16-Apr 5:35 PM ET)
CSX Unveils Its First Hydrogen-Powered Locomotive in Collaboration with CPKC
Globe Newswire (Tue, 16-Apr 2:16 PM ET)
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.