CSX Corp. Down Nearly 12%, on Pace for Largest Percent Decrease Since September 2002 -- Data Talk
July 17 2019 - 11:47AM
Dow Jones News
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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