Is Canadian National Railway (CNI) Stock About to Get Hot Tuesday?

The market has been high on Canadian National Railway (CNI) stock recently. CNI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Canadian National Railway has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CNI!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CNI Stock Today?

Canadian National Railway (CNI) stock is trading at $132.12 as of 11:01 AM on Tuesday, Dec 7, an increase of $2.12, or 1.63% from the previous closing price of $130.00. The stock has traded between $131.03 and $132.39 so far today. Volume today is more active than usual. So far 1,310,233 shares have traded compared to average volume of 955,095 shares. To screen for more stocks like Canadian National Railway click here.

More About Canadian National Railway

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%). Other items constitute the remaining revenue. Click Here to get the full Stock Report for Canadian National Railway stock.