CSX Lower Despite Q4 Beat

CSX Corporation CSX shares are trading lower by $1.00 (2.6 percent) at $37.09 in Wednesday's session. The issue is in the red although it posted a Q4 EPS beat of a penny along with a revenue beat of $207 million.

The issue, which made a 25-month high in Tuesday's session at $38.82, has found some profit-takers after the good-not-great report.

After a lower open, it immediately found support at $36.21 and began to rebound. That low coincides with its January 6 low of $35.96. So far, the ensuing rally has come up shy of the lower-end of Tuesday's range ($37.87) as the current high stands at $37.40.