CSX Corp. (CSX) is currently at $70.21, down $9.34 or 11.74%

 

-- Would be lowest close since Feb. 11, 2019, when it closed at $69.21

-- On pace for largest percent decrease since Sept. 5, 2002, when it fell 16.17%

-- Earlier Wednesday, Raymond James cut its price target on CSX Corp. to $81.00 per share from $84.00 per share, Benzinga reported

-- On Tuesday, CSX reported second-quarter profit fell to $870 million, or $1.08 a share, from $877 million, or $1.01 a share, a year earlier. Analysts forecast $1.11 a share in earnings

-- CSX cut its outlook for the year, saying economic uncertainty and the shutdown of a major oil refinery it served would lead to lower revenue at the freight railroad. The company expects revenue will fall as much as 2% this year, compared with a previous forecast of an increase of 1% to 2%

-- Down 9.25% month-to-date

-- Up 13% year-to-date

-- Down 12.8% from its all-time closing high of $80.52 on May 3, 2019

-- Up 1.75% from 52 weeks ago (July 18, 2018), when it closed at $69.00

-- Down 12.8% from its 52 week closing high of $80.52 on May 3, 2019

-- Up 19.49% from its 52 week closing low of $58.76 on Dec. 25, 2018

-- Worst performer in the S&P 500 today

-- Third most active stock in the S&P 500 today

-- Worst performer in the Nasdaq 100 today

-- Second most active stock in the Nasdaq 100 today

 

All data as of 11:04:06 AM

 

Source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

July 17, 2019 11:32 ET (15:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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