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CSX Co. (NASDAQ:CSX) Shares Sold by Jennison Associates LLC

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Jennison Associates LLC lowered its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 39.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The article from ETF Daily News discusses the recent sale of CSX Co. (NASDAQ:CSX) shares by Jennison Associates LLC. According to the latest SEC filing, Jennison Associates LLC reduced its stake in CSX by selling 1,300,000 shares during the third quarter, leaving them with 1,200,000 shares valued at $36,000,000. This move reflects a significant adjustment in their portfolio, possibly due to strategic rebalancing or a reassessment of CSX's future performance. CSX Corporation, a major player in the transportation sector, operates a leading rail network in the eastern United States, providing rail, intermodal, and rail-to-truck transload services. The sale by Jennison Associates, a well-known investment management firm, might influence market perceptions and could be indicative of broader trends in institutional investment strategies concerning transportation stocks.

Read the Full ETF Daily News Article at [ https://www.etfdailynews.com/2024/11/24/csx-co-nasdaqcsx-shares-sold-by-jennison-associates-llc/ ]