10-May-2024
Barclays spotlights 44 stocks to watch if inflation remains sticky
Seeking Alpha News (Sat, 11-May 10:00 AM ET)
CSX Shareholders Elect Directors, Ratify Auditor, and Set Compensation
TipRanks (Fri, 10-May 1:52 PM ET)
Top picks in Transportation and logistics - Baird
Seeking Alpha News (Fri, 10-May 9:45 AM ET)
Seeking Alpha News (Wed, 8-May 5:14 PM ET)
CSX Corporation Declares Quarterly Dividend
Globe Newswire (Wed, 8-May 4:01 PM ET)
U.S. weekly rail traffic stays flat year-over-year
Seeking Alpha News (Wed, 8-May 3:59 PM ET)
Anne Chow Elected to CSX Board of Directors
Globe Newswire (Wed, 8-May 1:30 PM ET)
Steve Cohen’s Point72 Asset Management cuts a group of long-short equity portfolio managers
Seeking Alpha News (Tue, 7-May 4:35 PM ET)
Globe Newswire (Thu, 2-May 4:02 PM ET)
CSX Announces 2024 Customer Environmental Excellence Award Winners
Globe Newswire (Mon, 22-Apr 2:00 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 May 10, 2024, CSX stock price declined to $34.38 with 7,263,266 million shares trading.
CSX has a beta of 0.88, meaning it tends to be less sensitive to market movements. CSX has a correlation of 0.34 to the broad based SPY ETF.
CSX has a market cap of $67.21 billion. This is considered a Large Cap stock.
Last quarter CSX reported $4 billion in Revenue and $.46 earnings per share. This beat revenue expectation by $21 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 +9.5% while the SPY ETF gained +27.8%. CSX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.5% and +1.1%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
CSX support price is $34.06 and resistance is $34.94 (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.