Your email has been successfully added to our mailing list.

×
0.000182016745540554 0.000364033491081107 0.00182016745540579 0.00273025118310882 0.00145613396432469 0.00491445212959585 0.00691663633054233 0.00873680378594825
Stock impact report

After rail strike averted, chance for ‘freight recession' should still spook investors, analysts say [MarketWatch]

CSX Corporation (CSX) 
Last csx corporation earnings: 4/22 04:02 pm Check Earnings Report
Company Research Source: MarketWatch
Railroad operators CSX Corp. and Norfolk Southern Corp. were hit with a downgrade from Susquehanna on Wednesday, with analysts citing bigger profit risk to rails operating in the eastern U.S., lingering potential for a work stoppage and a broader weakening of the economy. “As we look toward 2023, macroeconomic clouds continue to gather, the pressure to improve rail service hasn't eased, U.S. rail labor costs are due a markup for the tentative union agreements, and the risk of a work stoppage could arise again in late November and early December,” Susquehanna analysts Bascome Majors, Jeff Johnson and Harrison Bauer wrote in a research note on Wednesday. The analysts later added: “Rails shares aren't yet priced for a freight recession.” Rail unions have reached a tentative deal with the nation's biggest railroads to avoid a strike that could have gouged the U.S. economy and threatened shipments for grain, coal, chemicals, cars and other merchandise. But some reports said the unio Show less Read more
Impact Snapshot
Event Time:
CSX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CSX alerts
Opt-in for
CSX alerts

from News Quantified
Opt-in for
CSX alerts

from News Quantified