CSX Stock Gaining After CEO Buys $15 Million of Shares

Shares of CSX Corp. (CSX) 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.

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