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 November 26, 2024, CSX stock price climbed to $36.69 with 8,439,638 million shares trading.

CSX has a beta of 0.61, meaning it tends to be less sensitive to market movements. CSX has a correlation of 0.20 to the broad based SPY ETF.

CSX has a market cap of $70.75 billion. This is considered a Large Cap stock.

Last quarter CSX reported $4 billion in Revenue and $.46 earnings per share. This fell short of revenue expectation by $-51 million and missed earnings estimates by -$.02.

In the last 3 years, CSX 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 return of +13.8%, while SPY returned +33.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CSX shares. However, CSX has outperformed the market in the last 3 month and 2 week periods, returning +9.3% and +0.5%, while SPY returned +7.2% and +0.3%, respectively. This indicates CSX has been having a stronger performance recently.

CSX support price is $36.08 and resistance is $37.16 (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 shares will trade within this expected range on the day.