Published January 18, 2017 6:39pm EST | Updated January 18, 2017 7:03pm EST

CSX Corp. Shares Jump Amid Reports Of Activist Targeting

CSX Corp. shares rallied in the extended session Wednesday after reports that departing Canadian Pacific Railway Ltd. CEO Hunter Harrison will partner with activist investors to target CSX. CSX shares jumped 11% to $41 a share after hours, following a 3.2% decline in the regular session whenearnings missed Wall Street targets late Tuesday. Last year, CSX turned down Canadian Pacific's $20 billion offer to acquire the railroad.