Bullish Options Bias in CSX Corp. (CSX) Amid News of CEO Taking Medical Leave -Susquehanna

CSX Corp. (CSX) call put ratio 4.6 calls to 1 put

December 15, 2017 9:51 AM EST

CSX Corp. (NASDAQ: CSX) call put ratio 4.6 calls to 1 put

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CSX shares tumble after CEO's medical leave

December 15, 2017 8:02 AM EST

(Reuters) - CSX Corp's (NASDAQ: CSX) shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive Hunter Harrison was taking medical leave for unexpected complications from a recent unspecified illness.

The leave comes amid the company's controversial... More

Wall Street closes at records with tax overhaul in sight

December 15, 2017 7:33 AM EST

By Sinead Carew

NEW YORK (Reuters) - Wall Street's three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.

U.S. congressional Republicans were expected to release final details of their plan late on Friday, with decisive votes planned for next week after lawmakers who had previously criticized the bill started to voice their support.

Republican Senator Bob Corker joined Senator Marco Rubio in signaling support in the late afternoon. Rubio had criticized the... More

Stephens on CSX Corp. (CSX) CEO Leave: 'We Don't Want to Over-Analyze'

December 15, 2017 7:10 AM EST

Stephens maintains Overweight on CSX (NASDAQ: CSX) price target of $61.00.

Analyst Justin Long sent an update to clients Friday morning following news the CSX CEO Harrison will be taking medical leave. Long does not wan tto over-analyze the potential outcomes until the... More

CSX Corp. (CSX) To Take A Hit, Battle Ship Turning - BofA Merrill/Lynch

December 15, 2017 7:05 AM EST

BofA/Merrill Lynch maintains Buy on CSX (NASDAQ: CSX) price target of $65.00.

Analyst Ken Hoexter expects the story for CSX to take a dramatic as the CEO steps aside for medical leave. The analyst comments "We did not anticipate a change... More

CSX Corp. (CSX) Shares To See Meaningful Pressure - Citi

December 15, 2017 6:44 AM EST

CSX Corp. (NASDAQ: CSX) announced its CEO Hunter Harrison will be taking a medical leave and Citi analyst Christian Wetherbee believes this will test the "key man risk that has been present since Hunter took the reins in January." The analyst expects... More

CSX Corp. (CSX) CEO Hunter Harrison Takes Medical Leave

December 15, 2017 5:56 AM EST

CSX Corporation (Nasdaq: CSX) announced that its Chief Executive Officer and President, E. Hunter Harrison, is on medical leave due to unexpected complications from a recent illness. Therefore, the Board of Directors has named COO James M. Foote as acting CEO of the Company.

CSX Chairman Edward J. Kelly, III, stated, On behalf of the Board and the entire CSX family, I want to express that our thoughts are with Mr. Harrison and his... More

CSX CEO Hunter Harrison takes medical leave amid rail overhaul

December 14, 2017 8:18 PM EST

By Nick Carey and Bhanu Pratap

(Reuters) - CSX Corp (NASDAQ: CSX) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcement that comes amid of a controversial turnaround plan at the No. 3 U.S. railroad that has drawn customer criticism and scrutiny from regulators. The Jacksonville, Florida-based railroad said Harrison, 73, was taking a leave of absence due to unexpected complications from a recent unspecified illness.

James Foote, who was named CSX's... More