CSX Corp.’s recently made public that its EVP & CLO Goldman Nathan D unloaded Company’s shares for reported $8.95 million on Feb 20 ’24. In the deal valued at $36.62 per share,244,487 shares were sold. As a result of this transaction, Goldman Nathan D now holds 251,579 shares worth roughly $8.93 million.
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Then, Sorfleet Diana B sold 37,087 shares, generating $1,378,524 in total proceeds. Upon selling the shares at $37.17, the EVP & CAO now owns 215,226 shares.
Before that, Boone Kevin S. sold 60,000 shares. CSX Corp. shares valued at $2,226,000 were divested by the EVP & CCO at a price of $37.10 per share. As a result of the transaction, Boone Kevin S. now holds 170,757 shares, worth roughly $6.06 million.
Citigroup initiated its CSX Corp. [CSX] rating to a Buy in a research note published on October 09, 2024; the price target was $42. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Neutral”. Wells Fargo began covering CSX with “an Equal weight” recommendation on June 07, 2024. Jefferies started covering the stock on April 08, 2024. It rated CSX as “a Hold”.
Price Performance Review of CSX
On Tuesday, CSX Corp. [NASDAQ:CSX] saw its stock jump 0.60% to $35.50. Over the last five days, the stock has gained 4.81%. CSX Corp. shares have risen nearly 2.39% since the year began. Nevertheless, the stocks have risen 14.00% over the past one year. While a 52-week high of $40.12 was reached on 02/23/24, a 52-week low of $29.03 was recorded on 06/14/24. SMA at 50 days reached $34.00, while 200 days put it at $34.76.
Levels Of Support And Resistance For CSX Stock
The 24-hour chart illustrates a support level at 35.21, which if violated will result in even more drops to 34.91. On the upside, there is a resistance level at 35.87. A further resistance level may holdings at 36.23. The Relative Strength Index (RSI) on the 14-day chart is 63.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.26%. Stochastics %K at 90.39% indicates the stock is a selling.
How much short interest is there in CSX Corp.?
A steep rise in short interest was recorded in CSX Corp. stocks on 2024-09-30, dropping by -0.59 million shares to a total of 24.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 24.65 million shares. There was a decline of -2.47%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 25, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $36.
