FreightCar stock price jumps on order boost
Aug 06, 2013 | 05:40 PM
| Frank Haflich
LOS ANGELES Unexpected rail car orders following a disappointing second quarter gave FreightCar America Inc. a boost on Wall Street.
FreightCar Americas 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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