Union Pacific Corporation (UNP) : Traders are bullish on Union Pacific Corporation (UNP) as it has outperformed the S&P 500 by a wide margin of 2.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.15%, 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 4.11% in the last 1 week, and is up 3.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Union Pacific Corporation is up 16.88% in the last 3-month period. Year-to-Date the stock performance stands at 24.02%. The stock has recorded a 20-day Moving Average of 2.9% and the 50-Day Moving Average is 5.5%.
Union Pacific Corporation (NYSE:UNP): The stock opened at $95.69 on Friday but the bulls could not build on the opening and the stock topped out at $95.85 for the day. The stock traded down to $95.27 during the day, due to lack of any buying support eventually closed down at $95.68 with a loss of -0.16% for the day. The stock had closed at $95.83 on the previous day. The total traded volume was 3,027,181 shares.
Also, Atlantic Equities initiates coverage on Union Pacific Corporation (NYSE:UNP). The rating major has initiated the coverage with overweight rating on the shares. The rating by the firm was issued on August 11, 2016.
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States, which has 31,974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail, providing a supply chain link around the world. Its business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal. The Company serves United States population centers, operates from West Coast and Gulf Coast ports to eastern gateways, connects with Canadas rail systems and serves six Mexico gateways. The Companys freight traffic consists of bulk, manifest, and premium business.