Today: 20 May 2026
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NASDAQ:CSX 29 September 2025 - 3 February 2026

Union Pacific stock price rises 2% as UNP tracks rail rally; merger deadline in focus

Union Pacific stock price rises 2% as UNP tracks rail rally; merger deadline in focus

Union Pacific shares rose 2.2% to $240.34 Tuesday afternoon, rebounding from a session low after earlier declines. CSX, Norfolk Southern, and Canadian Pacific Kansas City also gained. Investors are focused on the regulatory review of Union Pacific’s proposed merger with Norfolk Southern and freight demand projections for 2026. The Surface Transportation Board returned the merger application last month, citing missing data.
Union Pacific stock slips as rivals press regulators to reject Norfolk Southern merger filing; UNP sets Q4 earnings date

Union Pacific stock slips as rivals press regulators to reject Norfolk Southern merger filing; UNP sets Q4 earnings date

Union Pacific shares closed down 0.6% to $233.11 after rival railroads asked regulators to reject its merger application with Norfolk Southern as incomplete. The Surface Transportation Board is reviewing whether the $85 billion deal’s filing meets requirements, with a decision expected after Jan. 2. Canadian Pacific Kansas City and CSX cited missing data and insufficient detail on competition impacts. Union Pacific will report fourth-quarter results Jan. 27.
CSX CEO Abruptly Departs Amid Rail Merger Frenzy – What’s Next?

CSX Delivers Earnings Surprise: Stock Jumps as New CEO Navigates Rail Merger Frenzy

CSX shares rose about 3% to $36–$37 after reporting adjusted Q3 profit of $0.44 per share, beating expectations. Revenue matched forecasts at $3.59 billion as higher intermodal volumes offset weak coal demand. Net income fell 22% year-over-year due to one-time charges. The report marked Steve Angel’s first quarter as CEO following a recent leadership shakeup.
CSX CEO Abruptly Departs Amid Rail Merger Frenzy – What’s Next?

CSX CEO Abruptly Departs Amid Rail Merger Frenzy – What’s Next?

CSX named Steve Angel as its new President and CEO, effective Sept. 28, replacing Joe Hinrichs after investor pressure for leadership change and potential rail consolidation. The move follows hedge fund Ancora Holdings’ public criticism of CSX’s performance and calls for a merger. Angel previously led Praxair and Linde. The announcement comes as industry rivals Union Pacific and Norfolk Southern pursue an $85 billion merger.

Stock Market Today

  • L3Harris Technologies Stock Seen Undervalued Despite Recent Pullback
    May 20, 2026, 7:21 AM EDT. L3Harris Technologies (LHX) shares have pulled back 12% over the past month, trading around $308, but remain up 35.8% over the last year. A Discounted Cash Flow (DCF) model estimates an intrinsic share value near $412, indicating the stock is trading at a roughly 25% discount. The aerospace and defense firm's latest free cash flow is $2.59 billion, with projections rising to $4.02 billion by 2030. L3Harris's valuation score of 5 out of 6 suggests a disconnect between market price and intrinsic value, prompting investors to consider longer-term cash flow potential amid sector contract activities and defense spending shifts.

Latest articles

InMed Pharmaceuticals (INM) Stock Doubled on Mentari Merger — Why the Rally Is Already Being Tested

InMed Pharmaceuticals (INM) Stock Doubled on Mentari Merger — Why the Rally Is Already Being Tested

20 May 2026
InMed Pharmaceuticals shares fell 14.4% to $1.37 in early pre-market trading Wednesday, after surging 135% Tuesday on news of an all-stock merger with Mentari Therapeutics and a planned $290 million private placement. Pre-merger InMed shareholders are expected to own about 1.51% of the combined company, which will operate as Mentari Therapeutics and focus on migraine drug development.
Micware Shares Swing Pre-Market After 26% Drop on Nasdaq Debut

Micware Shares Swing Pre-Market After 26% Drop on Nasdaq Debut

20 May 2026
Micware shares jumped 97.7% to $9.33 in premarket U.S. trading Wednesday, rebounding above last week’s $8 IPO price after closing Tuesday at $4.72. A new SEC filing showed Toyota owns 11.6% of Micware’s ordinary shares. The Japanese automotive software firm raised $22.8 million in its Nasdaq debut last week.
Dow edges up while Nasdaq falls as bond worries drag on

Futures Edge Higher Ahead of Nvidia Earnings as Wall Street Watches Key Report

20 May 2026
Nasdaq 100 futures rose 0.73% and S&P 500 futures gained 0.35% ahead of Wednesday’s open, with Nvidia set to report earnings after the close. Options markets priced in a 6.5% swing for Nvidia, equal to about $355 billion in market value. In premarket trading, Nvidia shares rose 1.84%, while Micron, Intel, and AMD also advanced. Fed minutes are due at 2:00 p.m. EDT.
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