The CSX stock price opened at $37.66 but quickly moved to $37.90, tracking gains in the Dow Transportation index. Freight capacity utilization is trending higher, and railroad fuel cost pressures have eased. Moving averages show bullish alignment, with the 20-day moving above the 50-day, a signal often preceding mid-term rallies. Meanwhile, the company did a commendable job at curbing expenses, which led to a smaller drop in earnings compared to expectations. Net earnings came in at $829 million, down 13.9% year-over-year, yet its EPS of $0.44 surpassed the consensus estimates by 4.8%. Is CSX A Better Railroad Pick Over Norfolk Southern Stock? Latest market action puts CSX stock price at $37.52, with intraday swings reflecting broader transportation sector volatility. Freight demand from East Coast ports remains firm, and Wall Street estimates a 4% YoY earnings growth. RSI levels hover near 55, indicating neutral momentum; traders watch for volume spikes to validate any upward move.
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