CSX Shares Rally on Leadership Change and Deal Speculation

27 days ago

Paul Sweeney / Nora Melinda (discussion)

"Also looking at shares of CSX. This one though in the green up as much as 4.1%. This one also has no sell ratings here. Uh up for its biggest intraday gain since July in this year. And this is after the company named Steve an angel as its new CEO. This of course comes after the abrupt departure that we saw from Joe Henriches. This really overhauled the railroads leadership ... Bloomberg did report back in July that CSX is working with Goldman Sachs to explore options for a deal of its own."

CSX is experiencing a strong intraday gain of 4.1% following the appointment of its new CEO, Steve An Angel, and leadership overhaul. The company is also exploring strategic options with Goldman Sachs, which adds to investor optimism amid competitive pressures from peers.

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