CSX Corporation (NYSE:CSX), saw an insider greatly lower her position in the company. Senior Vice President and Chief Administrative Officer Lisa A. Mancini disposed of 40,000 shares at an average price of $30.91 per share in a transaction that was officially filed today.
Following this transaction, Mancini now directly holds 103,655 shares, while she has 73,664 shares indirectly invested in the company. CSX Corporation (NYSE:CSX) is a $31.13 billion market cap corporation that, together with its subsidiaries, is a transportation supplier. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers.
Multiple hedge funds are involved in the company. Robert Bishop‘s Impala Asset Management rose it’s activity by 53% last quarter, now holding 1,626,065 shares worth about $47.1 million; while Robert Jaffe‘s Force Capital also rose it’s holdings last quarter, by 11%, now with 1,603,778 shares worth approximately $46.5 million invested in CSX Corporation (NYSE:CSX).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.