CSX Corp. shares closed at $44.68 on Wednesday, marking their second consecutive day of losses and finishing 4.02% below the 52-week high reached on April 23.
The stock underperformed competitors, with Union Pacific down 1.11% and Norfolk Southern down 1.45%. Trading volume for CSX was 10 million, 2.8 million below its 50-day average.
The decline occurred as the S&P 500 slipped 0.04% and the Dow Jones fell 0.57%, reflecting a generally weak market session affecting major railroad stocks.
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