Union Pacific stock sheds 1.17% in mixed market session
Updated
Updated · MarketWatch · May 1
Union Pacific stock sheds 1.17% in mixed market session
7 articles · Updated · MarketWatch · May 1
The shares closed at $266.32 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
Union Pacific finished 3.08% below its 52-week high of $274.79, reached on 24 April, and lagged peers as CSX fell 0.75% while Norfolk Southern edged up 0.02%.
Trading volume was 2.1 million shares, about 991,607 below its 50-day average of 3.1 million, indicating lighter-than-usual activity during the session.
After record earnings, why did Union Pacific stock fall amid its $85 billion merger news?
Can a transcontinental railroad merger overcome fierce opposition from rivals and regulators?