CSX Corp (CSX) Offering Possible 11.86% Return Over the Next 24 Calendar Days

CSX Corp's most recent trend suggests a bullish bias. One trading opportunity on CSX Corp is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 11.86% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock dropped below the $82.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for CSX Corp is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for CSX Corp is bullish.

The RSI indicator is at 76.46 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for CSX Corp

CSX Recognized by Dow Jones Sustainability Index
Wed, 18 Nov 2020 19:15:00 +0000
Company Appears for 10th Consecutive YearJACKSONVILLE, Fla., Nov. 18, 2020 (GLOBE NEWSWIRE) — CSX continues to build its reputation in sustainability, earning a place on the Dow Jones Sustainability Index (DJSI) North America for the 10th consecutive year with across-the-board improvement in environmental, social, governance and economic scores.In addition to being the only U.S. railroad to make the DJSI, CSX is ranked among the top 15 transportation and transportation infrastructure companies worldwide. A record 102 companies were assessed for this year’s global index.“Being ranked among the most sustainably run transportation companies in the world is an affirmation of the actions we’re taking to reduce fuel consumption and lower emissions through technology and increasingly efficient operations,” said Jim Foote, president and chief executive officer.The company’s efficiency improvements as well as high scores in key areas of business conduct, environmental policy and management systems, and operational eco efficiency contributed to driving improvement across DJSI’s assessment areas: governance and economic, environmental, and social dimensions. CSX continues to drive innovation across these important ESG themes.“Our commitment to sustainability is good for us, for our customers and for society,” Foote said. “It supports our strategy of working with customers to convert more freight from highway to rail, which reduces highway congestion and wasteful emissions.”The DJSI North America index is a partnership between the Dow Jones Indices and RobecoSAM Sustainability Assessments, which tracks the leading sustainability-driven companies based on an analysis of financially material economic, environmental and governance criteria. To learn more about sustainability at CSX, view the company’s most recent Environmental, Social and Governance Report at www.csx.com/esg.About CSXCSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).Contact: Bryan Tucker, Corporate Communications 855-955-6397Bill Slater, Investor Relations 904-359-1334

What Does CSX Corporation's (NASDAQ:CSX) Share Price Indicate?
Wed, 18 Nov 2020 04:54:24 +0000
CSX Corporation (NASDAQ:CSX) led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks…

Top 10 Stocks New Mets Owner Steve Cohen Was Buying in Q3
Tue, 17 Nov 2020 14:14:06 +0000
In this article we’ll check out the Top 10 Stocks New Mets Owner Steve Cohen Was Buying in Q3. To jump straight to Cohen’s biggest stock moves, check out Top 5 Stocks New Mets Owner Steve Cohen Was Buying in Q3. Steve Cohen, the billionaire Chairman and CEO of registered investment advisor Point72, became one […]

CSX Chief Executive Officer to Address Stephens Annual Investment Conference
Tue, 10 Nov 2020 15:00:00 +0000
JACKSONVILLE, Fla., Nov. 10, 2020 (GLOBE NEWSWIRE) — CSX Corp. (NASDAQ: CSX) President and Chief Executive Officer James M. Foote will address the 2020 Stephens Annual Investment Conference virtually on Tuesday, November 17 at 12:00 p.m. Eastern time. This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on the company’s website at http://investors.csx.com.About CSXCSX, based in Jacksonville, Florida, is a premier transportation company.  It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products.  For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development.  Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides.  It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.  More information about CSX and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).Contact: Bill Slater, Investor Relations 904-359-1334Bryan Tucker, Corporate Communications 855-955-6397

CSX Executive Vice President Sales & Marketing to Address Baird Global Industrial Conference
Thu, 05 Nov 2020 15:00:00 +0000
JACKSONVILLE, Fla., Nov. 05, 2020 (GLOBE NEWSWIRE) — CSX Corp. (NASDAQ: CSX) Executive Vice President Sales & Marketing Mark Wallace will address the Baird 2020 Global Industrial Conference virtually on Thursday, November 12 at 9:05 a.m. Eastern time. This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on the company’s website at http://investors.csx.com.About CSXCSX, based in Jacksonville, Florida, is a premier transportation company.  It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products.  For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development.  Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides.  It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.  More information about CSX. and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).Contact: Bill Slater, Investor Relations 904-359-1334Bryan Tucker, Corporate Communications 855-955-6397

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