If you look at the major shareholders of both the CSX and the UP, a lot of them are the same. Get ready, UP will end up buying the CSX. After both companies are cut to the bone, the only way for these large hedge funds who own the majority of both railroads to make more money is merge them together. The major shareholders (hedge funds) have been holding CSX stock in the $30 since the last split. If the stock rises they all sell shares to keep the price down. When the price starts to get too low they buy back in to raise it back up. They are manipulating the price. Don't take my word for it, do your own research and you can see what they are doing. CSX should become a meme stock where the little guy screws over the hedge funds. Why let UP "buy" the CSX at a discount? Blackrock, Vanguard, Soroban, etc. deserve a little disruption. Cheers!
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The new UP
UPSUX!!