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Will CSX Corp. (CSX) benefit from Wall Street bulls Calls?

CSX Corp. (NASDAQ: CSX) is -6.32% lower on its value in year-to-date trading and has touched a low of $29.03 and a high of $40.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CSX stock was last observed hovering at around $33.39 in the last trading session, with the day’s loss setting it -0.91%.

Currently trading at $32.48, the stock is -1.75% and -2.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.92 million and changing -2.73% at the moment leaves the stock -4.29% off its SMA200. CSX registered -2.46% loss for a year compared to 6-month loss of -6.18%.

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The stock witnessed a -1.55% gain in the last 1 month and extending the period to 3 months gives it a -9.90%, and is -3.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 1.70% over the month.

CSX Corp. (CSX) has around 23000 employees, a market worth around $63.50B and $14.63B in sales. Current P/E ratio is 17.84 and Fwd P/E is 14.98. Profit margin for the company is 24.75%. Distance from 52-week low is 11.88% and -19.04% from its 52-week high. The company has generated returns on investments over the last 12 months (11.66%).

The EPS is expected to grow by 4.94% this year.

CSX Corp. (CSX) Top Institutional Holders

The shares outstanding are 1.96B, and float is at 1.95B with Short Float at 1.69%.

CSX Corp. (CSX) Insider Activity

The most recent transaction is an insider sale by Goldman Nathan D,the company’sEVP & CLO. SEC filings show that Goldman Nathan D sold 244,487 shares of the company’s common stock on Feb 20 ’24 at a price of $36.62 per share for a total of $8.95 million. Following the sale, the insider now owns 0.25 million shares.

CSX Corp. disclosed in a document filed with the SEC on Feb 07 ’24 that Sorfleet Diana B (EVP & CAO) sold a total of 37,087 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $37.17 per share for $1.38 million. Following the transaction, the insider now directly holds 0.22 million shares of the CSX stock.

Still, SEC filings show that on Feb 06 ’24, Boone Kevin S. (EVP & CCO) disposed off 60,000 shares at an average price of $37.10 for $2.23 million. The insider now directly holds 170,757 shares of CSX Corp. (CSX).

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