FreightCar America Inc.
) saw a big move last session, as the company's shares fell by over
8% on the day. The move came on pretty good volume too with far
more shares changing hands than in a normal session. This reverses
the recent trend for RAIL as the stock is now up more than 3% in
the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the
company in Transport - Equipment & Leasing space has seen 3
negative revisions in the past few weeks and its current year
earnings consensus has moved lower over the last 30 days. This
suggests there may be more trouble down the road. So make sure to
keep an eye on this stock going forward to see if this recent slump
will continue, as the earnings picture definitely suggests that
this might be the case.
RAIL currently has a Zacks Rank #5 (Strong Sell) while its
Some better-ranked stocks in same industry include
Westinghouse Air Brake Technologies Corporation
The Greenbrier Companies, Inc.
). While GATX holds a Zacks Rank #1 (Strong Buy), AMERCO and
Greenbrier Companies carries a Zacks Rank #2 (Buy).
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FREIGHTCAR AMER (RAIL): Free Stock Analysis
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