What Did This CEO Just Do with Personal Shares of CSX Corp (NYSE: CSX)?

Today, the Chairman & CEO of CSX Corp (NYSE: CSX), Michael J. Ward, sold shares of CSX for $9.29M.

Following Michael J. Ward’s last CSX Sell transaction on May 10, 2016, the stock climbed by 5.0%. In addition to Michael J. Ward, 4 other CSX executives reported Sell trades in the last month.

The company has a one year high of $31.73 and a one year low of $21.33. CSX’s market cap is $29.06B and the company has a P/E ratio of 17.23. Currently, CSX Corp has an average volume of 1.02M.

Four different firms, including Avondale and Morgan Stanley, currently also have a Sell rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $31.86, reflecting a -4.2% downside.

Over the last 3 months, the insider sentiment on CSX Corp has been positive based on 69 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

CSX Corp. engages in the provision of rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. It operates through its principal operating subsidiary, CSX Transportation, Inc., provides an important link to the transportation supply chain through its rail network. The company was founded in 1827 and is headquartered in Jacksonville, FL.