In a filing, FreightCar America Inc revealed its CTO and VP of Engineering Josephson Gregory acquired Company’s shares for reported $0.26 million on Dec 17 ’24. In the deal valued at $10.20 per share,25,000 shares were bought.
Then, Meyer James R bought 23,400 shares, generating $251,316 in total proceeds. Upon buying the shares at $10.74, the Director now owns 838,278 shares.
Before that, De Nigris Felan Jose bought 4,000 shares. FreightCar America Inc shares valued at $40,741 were divested by the Director at a price of $10.19 per share. As a result of the transaction, De Nigris Felan Jose now holds 73,147 shares, worth roughly $0.9 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 Friday, FreightCar America Inc [NASDAQ:RAIL] saw its stock jump 1.39% to $12.37. Over the last five days, the stock has gained 23.70%. FreightCar America Inc shares have risen nearly 38.06% since the year began. Nevertheless, the stocks have risen 390.87% over the past one year. While a 52-week high of $16.10 was reached on 01/17/25, a 52-week low of $2.43 was recorded on 01/02/25. SMA at 50 days reached $10.35, while 200 days put it at $7.17.
Levels Of Support And Resistance For RAIL Stock
The 24-hour chart illustrates a support level at 12.10, which if violated will result in even more drops to 11.83. On the upside, there is a resistance level at 12.64. A further resistance level may holdings at 12.91. The Relative Strength Index (RSI) on the 14-day chart is 71.79, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.12%. Stochastics %K at 94.76% indicates the stock is a selling.
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.
