CSX Corporation [CSX] stock was sold by ZILLMER JOHN J at the price of US$0.52 million


CSX Corporation’s recently made public that its Director ZILLMER JOHN J unloaded Company’s shares for reported $0.52 million on Jun 06. In the deal valued at $32.25 per share,16,000 shares were sold. As a result of this transaction, ZILLMER JOHN J now holds 320,763 shares worth roughly $ 9.52 million.

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Susquehanna downgraded its CSX Corporation [CSX] rating to a Neutral from a a Positive in a research note published on Tuesday, September 28, 2022; the price target was decreased to $29 from $35. PT values the company’s stock at a premium of -2.38 to its Tuesday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Neutral”. Bernstein also remained covering CSX and has decreased its forecast on September 14, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Loop Capital revised its rating on July 21, 2022. It rated CSX as “a Buy” which previously was an “a Hold”.

Price Performance Review of CSX

On Tuesday, CSX Corporation [NASDAQ:CSX] saw its stock fall -2.78% to $29.69. On the same session, the stock had its day’s lowest price of $29.67, but rose to a high of $30.605. Over the last five days, the stock has lost -2.62%. CSX Corporation shares have fallen nearly -4.16% since the year began. Nevertheless, the stocks have fallen -20.68% over the past one year. While a 52-week high of $38.63 was reached on 01/18/23, a 52-week low of $25.80 was recorded on 01/26/23. SMA at 50 days reached $31.35, while 200 days put it at $30.74. A total of 16.38 million shares were traded, compared to the trading of 15.04 million shares in the previous session.

Levels Of Support And Resistance For CSX Stock

The 24-hour chart illustrates a support level at 29.37, which if violated will result in even more drops to 29.05. On the upside, there is a resistance level at 30.31. A further resistance level may holdings at 30.92. The Relative Strength Index (RSI) on the 14-day chart is 37.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.06%. Stochastics %K at 33.27% indicates the stock is a holding.

How much short interest is there in CSX Corporation?

A steep rise in short interest was recorded in CSX Corporation stocks on Jan 30, 2023, growing by 2.37 million shares to a total of 18.89 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 16.52 million shares. There was a rise of 12.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.38.

CSX Corporation [CSX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 174,302,571 shares, or roughly 8.29% of the outstanding CSX shares. In other words, the investor’s shares have fallen by -936,124 from its previous 13-F filing of 175238695.0. Additionally, SSgA Funds Management, Inc. decreased -1.06% of its stake after which the total value it holdings stand at $2,890,798,273, while BlackRock Fund Advisors reduced -0.43% of its stake to hold $2.86 billion in the firm. Over the last quarter, Capital Research & Management Co sold -11,363,434 shares of CSX Corporation, while Soroban Capital Partners LP sold 470,000 shares. At present, T. Rowe Price Associates, Inc. is holding 42,768,079 shares valued at $1.32 billion. Geode Capital Management LLC owned 38,545,998 shares of the company at the time of its most recent 13F filing, worth $1.19 billion.

According to FactSet, CSX Corporation’s share price will average $34.28 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.6 percent from its previous closing price of $30.54. Analysts expect CSX Corporation stock to reach the higher price of $39.00, while the lowest price estimate is $24.00. However, 29 analysts have rated CSX stock as an Overweight in their predictions for 2023.


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