CSX Corporation CSX was a big mover last session, as its shares rose over 23% on the day. The move came following reports that the former Canadian Pacific CEO Hunter Harrison is teaming up with activists to shake up the railroad company. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $35.89  to $38.80 in the past one-month time frame.

Over the last 30 days, the company witnessed eight positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

CSX Corp currently carries a Zacks Rank #2 (Buy).

CSX Corp. Price

CSX Corp. Price | CSX Corp. Quote

Another favorably placed stock in the Transportation – Rail space is Canadian National Railway Company CNI, carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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CSX Corp. (CSX): Free Stock Analysis Report
 
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