In a filing, FreightCar America Inc revealed its Director Meyer James R acquired Company’s shares for reported $0.25 million on Nov 14 ’24. In the deal valued at $10.74 per share,23,400 shares were bought. As a result of this transaction, Meyer James R now holds 838,278 shares worth roughly $9.09 million.
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Then, De Nigris Felan Jose bought 4,000 shares, generating $40,741 in total proceeds. Upon buying the shares at $10.19, the Director now owns 73,147 shares.
Before that, GEHL WILLIAM D sold 10,000 shares. FreightCar America Inc shares valued at $108,300 were divested by the Director at a price of $10.83 per share. As a result of the transaction, GEHL WILLIAM D now holds 147,608 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 jump 14.95% to $10.84. Over the last five days, the stock has gained 6.59%. FreightCar America Inc shares have risen nearly 301.48% since the year began. Nevertheless, the stocks have risen 361.28% 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 $11.88, while 200 days put it at $5.88.
Levels Of Support And Resistance For RAIL Stock
The 24-hour chart illustrates a support level at 9.89, which if violated will result in even more drops to 8.95. On the upside, there is a resistance level at 11.31. A further resistance level may holdings at 11.79. The Relative Strength Index (RSI) on the 14-day chart is 44.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.90%. Stochastics %K at 12.79% indicates the stock is a buying.
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.
