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Weakness Seen in FreightCar America (RAIL): Stock Tumbles 8.1%
March 12, 2014

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FreightCar America Inc. (RAIL - Free Report) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for RAIL as the stock is now up more than 3% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company in Transport – Equipment & Leasing space has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
RAIL currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.0%.
Some better-ranked stocks in same industry include GATX Corp. , Westinghouse Air Brake Technologies Corporation (WAB - Free Report) and The Greenbrier Companies, Inc. (GBX - Free Report) . While GATX holds a Zacks Rank #1 (Strong Buy), AMERCO and Greenbrier Companies carries a Zacks Rank #2 (Buy).
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