Canadian Pacific Railway Limited (NYSE:CP) has tumbled 1.81% during the past week and has dropped 1.19% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.63%. Canadian Pacific Railway Limited (NYSE:CP) has underperformed the index by 2.09% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Canadian Pacific Railway Limited (NYSE:CP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $125.19 and $124.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $128.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $127.59, notching a gain of 2.52% for the day. The total traded volume was 1,728,431 . The stock had closed at $124.45 on the previous day.
The company shares have dropped -23.80% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $170.12 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $133.56 and the 200 Day Moving Average price is recorded at $128.99.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP HR & Labour Relations) of Canadian Pacific Railway Ltd/Cn, Edwards Peter John, had purchased 001 shares in a transaction dated on April 25, 2016. The transaction was executed at $147 per share with total amount equaling $147.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Morgan Stanley assumes its outlook on Canadian Pacific Railway Limited (NYSE:CP). The current rating of the shares is Overweight, according to the research report released by the firm. The rating by the firm was issued on June 3, 2016. Currently the company Insiders own 0.13% of Canadian Pacific Railway Limited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.1% . Institutional Investors own 71.1% of Canadian Pacific Railway Limited shares. During last six month period, the net percent change held by insiders has seen a change of 0.1%.
Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts, chemicals and plastics, crude oil, forest products, and metals, minerals, and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck.