Updated
Updated · MarketWatch · Apr 30CSX stock rises 1.68% but trails rail rivals
9 articles · Updated · MarketWatch · Apr 30
- Shares closed at $45.43 on Thursday, while Union Pacific gained 1.78% and Norfolk Southern rose 1.19% in a broader market rally.
- The advance snapped a two-day losing streak as the S&P 500 climbed 1.02% and the Dow Jones Industrial Average added 1.62%.
- CSX finished 2.41% below its 52-week high of $46.55 reached on 23 April, with trading volume of 13.3 million topping its 50-day average.
As its rivals plan an $85 billion merger, can CSX's current strategy protect its market share in the eastern U.S.? With diesel prices soaring above $5, is the shift from trucks to rail the definitive answer to supply chain inflation?