Major Move Is Coming For CSX Corporation After Bullish Options Activity

 Major Move Is Coming For CSX Corporation After Bullish Options Activity

In today’s session CSX Corporation (CSX) registered an unusually high (183) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious CSX increase. With 183 contracts traded and 9834 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: CSX170217C00032000 closed last at: $1.28 or 37.6% up. About 5.24M shares traded hands. CSX Corporation (NASDAQ:CSX) has risen 18.53% since March 14, 2016 and is uptrending. It has outperformed by 12.91% the S&P500.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Out of 6 analysts covering CSX Corp (NASDAQ:CSX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. CSX Corp has been the topic of 11 analyst reports since January 4, 2016 according to StockzIntelligence Inc. The stock has “Buy” rating given by Argus Research on Tuesday, January 19. As per Thursday, January 14, the company rating was maintained by Cowen & Co. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 14. The stock has “Buy” rating given by Bank of America on Tuesday, February 23.

According to Zacks Investment Research, “CSX Corporation’s unique combination of rail, container-shipping, intermodal and logistics services provides global reach that’s second to none. The company’s goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.”

Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.08, from 0.87 in 2016Q1. The ratio is positive, as 53 funds sold all CSX Corporation shares owned while 275 reduced positions. 64 funds bought stakes while 246 increased positions. They now own 639.14 million shares or 2.82% less from 657.68 million shares in 2016Q1.
Rowland & Co Investment Counsel Adv last reported 0% of its portfolio in the stock. Fiduciary Tru has 33,399 shares for 0.03% of their US portfolio. Moreover, Proshare Advisors has 0.14% invested in CSX Corporation (NASDAQ:CSX) for 419,171 shares. Janus Ltd Limited Liability Company has invested 0.19% of its portfolio in CSX Corporation (NASDAQ:CSX). Moreover, State Board Of Administration Of Florida Retirement Sys has 0.12% invested in CSX Corporation (NASDAQ:CSX) for 1.44 million shares. Markston Intll Limited accumulated 0.68% or 277,350 shares. Primecap Management Co Ca owns 5.03M shares or 0.14% of their US portfolio. Kings Point Cap Management has 0.02% invested in the company for 2,750 shares. Point72 Asset Mgmt L P has 2.12 million shares for 0.38% of their US portfolio. First Interstate Bank & Trust last reported 0.03% of its portfolio in the stock. Parametric Assocs Limited Co has 1.96M shares for 0.08% of their US portfolio. Country Trust Comml Bank last reported 0.01% of its portfolio in the stock. Meeder Asset Mgmt owns 20,583 shares or 0.05% of their US portfolio. Wesbanco Natl Bank owns 34,375 shares or 0.05% of their US portfolio. First National Tru Communications, a Pennsylvania-based fund reported 35,582 shares.

Insider Transactions: Since September 26, 2016, the stock had 0 insider purchases, and 2 selling transactions for $1.01 million net activity. Another trade for 17,332 shares valued at $510,184 was sold by GOODEN CLARENCE W.

CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $28.92 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 17.26 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.

CSX Company Profile

CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. The Firm serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links clients to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Finance.Yahoo.com which released: “CSX Corporation Announces Third Quarter Earnings” on October 12, 2016, also Seekingalpha.com with their article: “CSX Corp. – Risk/Reward Not Appealing At This Point” published on October 14, 2016, Investorplace.com published: “Why CSX Corporation (CSX), Ocular Therapeutix Inc (OCUL), and Ulta Salon …” on October 13, 2016. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Profitconfidential.com and their article: “CSX Corporation: The Bull Run in CSX Stock has Only Begun” published on September 20, 2016 as well as Nasdaq.com‘s news article titled: “Will Q3 Earnings Hold a Surprise for CSX Corp (CSX) Stock?” with publication date: October 07, 2016.

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