I am hearing rumors that CSX about to issue big warning.
The Biggest Loser: CSX Tumbles 7.6%
By
Teresa Rivas
Dec. 15, 2017 4:35 p.m. ET
CSX(CSX) fell to the bottom of the S&P 500 on Friday, following worries about its CEO's health.
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ILLUSTRATION:GETTY IMAGES
CSX slid $4.38, or 7.6%, to $52.93, while the S&P 500 rose 23.80 points, or 0.90%, to 2675.81.
The stock took a hit after CSX announced late yesterday that CEO E. Hunter Harrison istaking medical leave. The company attributed it to "unexpected complications from a recent illness."
The Board of Directors named COO James Foote as acting CEO of the company.
CSX is up 47.3% year to date.
https://www.barrons.com/articles/the-biggest-loser-csx-tumbles-7-6-1513373735