FreightCar stock price jumps on order boost

Aug 06, 2013 | 05:40 PM | Frank Haflich

Tags  FreightCar America, rail cars, rail car orders, Edward Whalen, Theodore Baun, Joseph McNeely, Nasdaq, Frank Haflich

LOS ANGELES — Unexpected rail car orders following a disappointing second quarter gave FreightCar America Inc. a boost on Wall Street.

FreightCar America’s common stock rose 9.3 percent to $19.79 per share on the Nasdaq Stock Market Aug. 5, and gained another 0.5 percent the next day to close at $19.89 apiece.

The move was apparently in reaction to orders for 5,500 cars that the company said it received after the second quarter ended. Of this, 4,000 are for rebuilt coal cars for the eastern market.....

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