Canadian National Railway Company (CNI) Shares are Up 1.84%

Canadian National Railway Company (CNI) : Traders are bullish on Canadian National Railway Company (CNI) as it has outperformed the S&P 500 by a wide margin of 0.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.84% in the last 1 week, and is up 1.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.42% and the 50-Day Moving Average is 4.01%. Canadian National Railway Company (NYSE:CNI): On Fridays trading session , Opening price of the stock was $63.38 with an intraday high of $63.525. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $62.81. However, the stock managed to close at $63.09, a loss of 0.69% for the day. On the previous day, the stock had closed at $63.53. The total traded volume of the day was 620,684 shares.


The company Insiders own 2.4% of Canadian National Railway Company shares according to the proxy statements. Institutional Investors own 55.91% of Canadian National Railway Company shares. Also, Atlantic Equities initiates coverage on Canadian National Railway Company (NYSE:CNI). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on August 11, 2016.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CNs network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Companys network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans and Mobile (Alabama), and the metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to all points in North America.

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