Is CSX Corporation (CSX) a Stock to Watch After Gaining 2.36% This Week?

The market has been high on CSX Corporation (CSX) stock recently. CSX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

CSX Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CSX!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CSX Stock Today?

CSX Corporation (CSX) stock is trading at $32.03 as of 10:18 AM on Tuesday, Nov 29, a rise of $0.43, or 1.36% from the previous closing price of $31.60. The stock has traded between $31.51 and $32.03 so far today. Volume today is below average. So far 1,335,167 shares have traded compared to average volume of 15,790,418 shares. To screen for more stocks like CSX Corporation click here.

More About CSX Corporation

Operating in the Eastern United States, Class I railroad CSX generated revenue near $12.5 billion in 2021. On its more than 21,000 miles of track, CSX hauls shipments of coal (13% of consolidated revenue), chemicals (22%), intermodal containers (16%), automotive cargo (9%), and a diverse mix of other bulk and industrial merchandise. Click Here to get the full Stock Report for CSX Corporation stock.