Alert: Major Price Decline (5/9/24)-FreightCar America Inc (NASDAQ: RAIL).

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FreightCar America Inc (NASDAQ: RAIL) stock suffered a major decline of -10.7% on 5/9/24. The shares closed at $3.74. Moreover, this decline was accompanied by exceptionally high trading volume at 253% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.6% during the last week.

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Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, RAIL is expected to be a major Value Eraser.

FreightCar America is currently unrated.

Rating Review

The stock is currently unrated.

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