Logistics is the blood of economy as the most people believe. Rail-based CSX Corporation strives all the time despite any quarantine or lockdown. Therefore, its Q1 2020 revenue decreased insignificantly. Furthermore, NASDAQ: CSX has been rising since March 23 on which a serious price drop occurred till $47.66. Through three months the stock rose to $72.14 although volatility disturbed several times. This uptrend may lead to the mid-February price recovery. That time CSX traded at $79.00 at least. Only $7 more need to add to bring hope to long-term focused investors who like to receive dividends with smiling faces.
Financials of CSX is in very good condition so it is for so long self-sustainable and stable company that can even raise external funds for new projects anytime using a glorious reputation.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life