Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CSX Corp shares valued at $4,197,315 were sold by Goldman Nathan D on Nov 18 ’24. At $35.39 per share, Goldman Nathan D sold 118,588 shares. The insider’s holdings dropped to 202,991 shares worth approximately $6.67 million following the completion of this transaction.
Also, Goldman Nathan D purchased 118,588 shares, netting a total of over 4,198,010 in proceeds.
Before that, Goldman Nathan D had sold 244,487 shares from its account. In a trade valued at $8,953,114, the EVP & CLO traded CSX Corp shares for $36.62 each. Upon closing the transaction, the insider’s holdings decreased to 244,487 shares, worth approximately $8.27 million.
As published in a research note from Loop Capital on February 03, 2025, CSX Corp [CSX] has been rated down from a Buy to a Hold and the price target has been revised to $34 from $40. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of October 17, 2024, TD Cowen has reiterated its “Hold” rating for CSX. Earlier on October 09, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for CSX stock.
Analyzing CSX Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, CSX Corp shares have jumped approximately 1.89%. Shares of the company reached a 52-week high of $34.10 on 01/23/25 and a 52-week low of $31.53 on 01/13/25. A 50-day SMA is recorded $33.39, while a 200-day SMA reached $33.79. Nevertheless, trading volume fell to 7.45 million shares from 12.21 million shares the previous day.
Support And Resistance Levels for CSX Corp (CSX)
According to the 24-hour chart, there is a support level at 32.74, which, if violated, would cause prices to drop to 32.60. In the upper region, resistance lies at 33.04. The next price resistance is at 33.20. RSI (Relative Strength Index) is 49.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 58.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
