CSX stock price is pegged at $37.88 in afternoon trading, tracking gains in commodities-linked stocks. Analysts maintain strong forward guidance with 5% revenue growth expected in (Reuters) -CSX Corp on Monday has appointed Steve Angel as its top boss, replacing Joe Hinrichs, as the railroad operator fends off pressure from an activist investor while facing industry consolidation. CSX’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. CSX stock price recorded $37.85 this afternoon, following two consecutive gaining sessions. Seasonal grain transport is adding revenue tailwinds heading into fall. Chart analysis reveals a flat base pattern, a setup that often precedes an uptrend if volume expansion accompanies any breakout above $38.10 levels.
