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 0.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.84%, relative to the S&P 500. The stock has risen by 2.01% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.09% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 3.04%.The 200 Day SMA reached 10.54%
Canadian National Railway Company (NYSE:CNI): After opening at $65.12, the stock dipped to an intraday low of $64.7 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $65.67 and the buying power remained strong till the end. The stock closed at $65.4 for the day, a gain of 1.32% for the day session. The total traded volume was 891,845. The stocks close on the previous trading day was $65.4.
Canadian National Railway Company (CNI) : Average target price received by Canadian National Railway Company (CNI) is $64.59 with an expected standard deviation of $5.22. The most aggressive target on the stock is $70, whereas the most downbeat target is $50. 12 financial analysts are currently covering the stock.
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.