Shares of CSX Corp. (CSX) - Get CSX Corporation Report were gaining by 1.78% to $51.02 on Tuesday afternoon, after it was disclosed that new CEO Hunter Harrison acquired $15 billion in stock. Harrison was named CEO in March and purchased 300,000 shares of the railroad operator at $50.20 a piece on Monday, the company said in an SEC filing.

Last week the company updated its full year guidance, telling investors to expect a 25% growth in earnings per share over the $1.81 it reported for 2016, CNBC noted.

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)

TheStreet Recommends