Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FreightCar America Inc shares valued at $40,741 were purchased by De Nigris Felan Jose on Sep 27 ’24. At $10.19 per share, De Nigris Felan Jose acquired 4,000 shares. The insider’s holdings grew to 73,147 shares worth approximately $0.88 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, GEHL WILLIAM D sold 10,000 shares, netting a total of over 108,300 in proceeds. Following the sale of shares at $10.83 each, the insider now holds 147,608 shares.
Before that, GEHL WILLIAM D had sold 12,500 shares from its account. In a trade valued at $90,000, the Director traded FreightCar America Inc shares for $7.20 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $1.9 million.
As published in a research note from Cowen on November 01, 2019, FreightCar America Inc [RAIL] has been retained to a Market perform and the price target has been revised to $4.50. Analysts at CL King downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of August 03, 2018, Stifel has reiterated its “Hold” rating for RAIL. Earlier on May 07, 2018, Stifel resumed its rating. Their recommendation was “a Hold” for RAIL stock.
Analyzing RAIL Stock Performance
During the last five days, there has been a surge of approximately 21.62%. Over the course of the year, FreightCar America Inc shares have jumped approximately 345.93%. Shares of the company reached a 52-week high of $12.19 on 10/03/24 and a 52-week low of $2.40 on 01/11/24. A 50-day SMA is recorded $7.07, while a 200-day SMA reached $4.23. Nevertheless, trading volume fell to 0.59 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for FreightCar America Inc (RAIL)
According to the 24-hour chart, there is a support level at 11.14, which, if violated, would cause prices to drop to 10.23. In the upper region, resistance lies at 12.57. The next price resistance is at 13.10. RSI (Relative Strength Index) is 70.24 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 5.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
