CSX falls after report Berkshire Hathaway not in market to buy a train company

Railroad operator CSX's shares CSX.O fall 6.2% to $32.45

Berkshire Hathaway's BRKa.N Warren Buffett said on CNBC the investment conglomerate is not in the market to buy a train company
The news comes days after CSX and BNSF announced a new coast-to-coast service

Earlier this month, activist investor Ancora Holdings urged CSX to evaluate potential tie-ups with Berkshire-owned BNSF Railway and Canadian Pacific Kansas City CP.TO in order to determine the best merger partner

Buffett did meet with the CEO of CSX and discuss greater cooperation, CNBC report says

Ancora's move came in response to railroad peer Union Pacific's UNP.N plans to acquire smaller rival Norfolk Southern NSC.N in an $85 billion deal, creating the first U.S. coast-to-coast freight railroad

Including session moves, CSX's shares had risen 0.5% YTD