Billionaire Investor Slashes Norfolk Southern Stake — And Doubles Down On 2 Railroad Rivals

Benzinga_recent_news04-18

Hedge fund billionaire Daniel Loeb reshuffled his exposure in the railroad industry at Third Point LLC in the fourth quarter of FY25. The investor opened a new position in CSX Corporation (NASDAQ:CSX)...

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(NYSE:NSC) by 41% to 975,000 shares.\nUnion Pacific is sitting in the upper half of its 52-week range, not far from the $268.14 high, which points to buyers still defending the bigger-picture uptrend. Over the past 12 months, the stock is up 15.99%, which fits with a longer-term uptrend that's been able to recover from pullbacks.\nTop ETF Exposure:\nCSX is pressing into the top end of its 52-week range, a setup that often reflects sustained buyer control rather than a one-day bounce. The stock is up 57.50% over the past 12 months, which is consistent with a longer-term uptrend that has been rewarding dip-buying.\nTop ETF Exposure\nNorfolk Southern is holding near the top of its 52-week range, sitting below the $319.94 high but far above the $212.24 low, which indicates buyers have controlled the longer trend. Over the last 12 months, the stock is up 39.34%, a run that fits with its current position near prior highs.\nTop ETF Exposure\nPhoto: Colinmthompson on Shutterstock.com \nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2628678571","isCrawlerRequest":true}