Why CSX Corporation and Union Pacific Corporation Stock Soared in November
The stock prices of leading railroads CSX Corporation (NASDAQ: CSX) and Union Pacific Corporation (NYSE: UNP) rose strongly in November, with the former increasing 9.3% and the latter up 10.5% on the month. While it's easy to get too focused on the granular detail, the reality is the whole transportation sector was taken higher in November.
Image source: Union Pacific Corporation
As you can see below, most of the move happened in the last week of the month. Furthermore, the strength in transportation stocks has been broad-based, with package delivery firms, airlines, trucking, and railroads sharing in the gains.
Source: Fool.com
CSX Corp. Stock
€31.84
0.160%
With 20 Buy predictions and not the single Sell prediction the community is currently very high on CSX Corp..
With a target price of 35 € there is a slightly positive potential of 9.94% for CSX Corp. compared to the current price of 31.84 €.
