Florida-based CSX Corp.'s shares saw a slight decline of 0.11%, finishing Tuesday's trading session at $35.89. A total volume of 6.54 million shares was traded. In the previous three months, the stock has advanced 18.55%. The Company's shares are trading above their 50-day and 200-day moving averages by 4.68% and 24.00%, respectively. Moreover, shares of CSX Corp., which together with its subsidiaries, provides rail-based transportation services in the US and Canada, have a Relative Strength Index (RSI) of 53.21.
On December 23rd, 2016, CSX announced the on-time completion of the first phase of the new Virginia Avenue Tunnel project in Washington, D.C., clearing the way for trains to transport double-stacked intermodal freight between Mid-Atlantic seaports and the Midwest on CSX's railroad network. The Virginia Avenue Tunnel is the last of 61 clearance projects that comprise the $850 million National Gateway Initiative, an innovative public-private partnership announced in 2008 to create more-efficient pathways for rail freight between key US markets through investment in critical transportation infrastructure. Free research report on CSX is available at:
On Tuesday, shares in Nebraska headquartered Union Pacific Corp. recorded a trading volume of 3.82 million shares, and ended the session 1.12% lower at $102.52. The stock has gained 5.94% in the previous three months. The Company's shares are trading 4.26% above their 50-day moving average and 12.99% above their 200-day moving average. Furthermore, shares of Union Pacific, which through its subsidiary, Union Pacific Railroad Company, operates railroads in the US, have an RSI of 52.56.
On December 14th, 2016, Union Pacific announced that it will broadcast is Q4 2016 earnings release presentation live over the Internet and via teleconference on January 19th, 2017, at 8:45 a.m. ET. The complimentary research report on UNP can be downloaded at:
Shares in Virginia-based Norfolk Southern Corp. closed at $106.99, down 1.00% from the last trading session. The stock recorded a trading volume of 1.76 million shares. The Company's shares have advanced 0.15% in the last one month and 11.12% over the previous three months. The stock is trading 4.57% and 17.46% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Norfolk Southern, which together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods, have an RSI of 54.76.
On December 20th, 2016, Pan Am Southern LLC (PAS), a joint venture between Pan Am Railways and Norfolk Southern, and Pan Am Railways (PAR) served default and dispute notices concerning important operational safety agreements with the Massachusetts Bay Transit Authority (MBTA). The companies stated that a 2014 agreement between the two railroads and MBTA was intended to enable a Positive Train Control (PTC) system to be in place by the federal deadline of December 31st, 2018. This safety system would be compliant with federal law and appropriate to the joint passenger and freight rail services conducted over the eastern Massachusetts area. In the notices, PAS and PAR report that MBTA has disavowed the 2014 agreement, raising questions about the three railroads' ability to implement PTC on Boston-area rail lines by the federal deadline. Visit us today and access our complete research report on NSC at:
Kansas City Southern
At the closing bell yesterday, shares in Missouri headquartered Kansas City Southern ended 4.75% lower at $80.82. A total volume of 2.92 million shares was traded, which was above their three months average volume of 1.82 million shares. The stock is trading below its 50-day moving average by 6.51%. Furthermore, shares of Kansas City Southern, which through its subsidiaries, provides freight rail transportation services, have an RSI of 33.70.
On November 11th, 2016, Kansas City Southern's Board of Directors declared a regular dividend of $0.33 per share on the Company's outstanding common stock. This dividend is payable on January 18th, 2017, to common stockholders of record at the close of business on December 30th, 2016.
On December 16th, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $94 a share to $96 a share. Get free access to your research report on KSU at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA