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Keeping an Eye on FreightCar America Inc (RAIL) After Insider Trading Activity

FreightCar America Inc’s recent filing unveils that its Director De Nigris Felan Jose acquired Company’s shares for reported $40741.0 on Sep 27 ’24. In the deal valued at $10.19 per share,4,000 shares were bought. As a result of this transaction, De Nigris Felan Jose now holds 73,147 shares worth roughly $0.74 million.

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Then, GEHL WILLIAM D sold 10,000 shares, generating $108,300 in total proceeds. Upon selling the shares at $10.83, the Director now owns 147,608 shares.

Before that, GEHL WILLIAM D sold 12,500 shares. FreightCar America Inc shares valued at $90,000 were divested by the Director at a price of $7.20 per share. As a result of the transaction, GEHL WILLIAM D now holds 157,608 shares, worth roughly $1.6 million.

Cowen reiterated its FreightCar America Inc [RAIL] rating to a Market perform in a research note published on November 01, 2019; the price target was $4.50. A number of analysts have revised their coverage, including CL King’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Stifel also remained covering RAIL and reiterated its “Hold” recommendation on August 03, 2018. Stifel maintained its rating on May 07, 2018. It rated RAIL as “a Hold”.

Price Performance Review of RAIL

On Tuesday, FreightCar America Inc [NASDAQ:RAIL] saw its stock fall -35.26% to $10.17. Over the last five days, the stock has lost -18.38%. FreightCar America Inc shares have risen nearly 276.67% since the year began. Nevertheless, the stocks have risen 329.11% over the past one year. While a 52-week high of $16.10 was reached on 11/11/24, a 52-week low of $2.25 was recorded on 01/11/24. SMA at 50 days reached $11.68, while 200 days put it at $5.69.

Levels Of Support And Resistance For RAIL Stock

The 24-hour chart illustrates a support level at 8.71, which if violated will result in even more drops to 7.26. On the upside, there is a resistance level at 12.25. A further resistance level may holdings at 14.34. The Relative Strength Index (RSI) on the 14-day chart is 39.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.72%. Stochastics %K at 64.42% indicates the stock is a holding.

How much short interest is there in FreightCar America Inc?

A steep rise in short interest was recorded in FreightCar America Inc stocks on 2024-10-31, growing by 0.25 million shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.19 million shares. There was a rise of 56.0%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on November 07, 2017 when Stifel resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $14.

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