CSX yesterday said it is transferring
its stock exchange listing from the New York Stock Exchange to The Nasdaq Global Select Market.
The common stock symbol will remain CSX. The voluntarily transfer is effective following the close of the market on Dec. 21, the company said.
“Moving to The Nasdaq Global Select Market provides new opportunities and synergies for CSX, and more closely aligns with the platform where most of our trading activity already takes place,” Frank Lonegro, executive vice president and chief financial officer of CSX, said in a news release. “This decision is consistent with our commitment to reduce costs and uphold consistently high standards of corporate governance.”