CSX Makes New All-Time High After Q1 Beat

CSX Corporation CSX shares are trading higher by $4.00 (8.7 percent) at $50.93 in Thursday's session.

After Wednesday's close, the company reported a Q1 adjusted EPS beat of $0.09 along with a $109 million beat for sales.

After a sharply higher open, CSX had a brief retreat to $49.60, which is well ahead of the upper-end of Wednesday's range at $47.32, and continued its move higher. Once it surpassed its opening high print of $50.45, the pace of the rally accelerated.

It has continued to make new highs for the session and is quickly approaching $52.00 as $50.97 stands as the high for the session as of 10:21 a.m. ET.