In a filing, CSX Corp. revealed 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 $8.52 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 $5.78 million.
TD Cowen reiterated its CSX Corp. [CSX] rating to a Hold in a research note published on October 17, 2024; the price target was $35. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. BofA Securities also remained covering CSX and has decreased its forecast on July 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on June 07, 2024. It rated CSX as “an Equal weight”.
Price Performance Review of CSX
On Tuesday, CSX Corp. [NASDAQ:CSX] saw its stock jump 0.56% to $33.85. Over the last five days, the stock has lost -4.65%. CSX Corp. shares have fallen nearly -2.37% since the year began. Nevertheless, the stocks have risen 10.05% 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 $34.02, while 200 days put it at $34.74.
Levels Of Support And Resistance For CSX Stock
The 24-hour chart illustrates a support level at 33.50, which if violated will result in even more drops to 33.14. On the upside, there is a resistance level at 34.04. A further resistance level may holdings at 34.23. The Relative Strength Index (RSI) on the 14-day chart is 46.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.48%. Stochastics %K at 25.38% indicates the stock is a holding.
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 April 08, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $40 price target.
