Bearish mood pushes Union Pacific to session low of $197.03

Published: January 26 2023, 07:20 GMT+0

Bearish mood pushes Union Pacific to session low of $197.03

A quick look at yesterday: an influx of sellers pushed the freight-hauling railroad company to end the session lower around $200.12, while establishing a $197.03 to $201.65 session range yesterday.

  • Daily trading volume (4.16 million shares) increased, making up 178% of the 21-day average (2.34 million).
  • Union Pacific discloses $1.3 per share dividend to be paid on Thursday, December 29th

With around 7 hours until market open on the New York Stock Exchange, yesterday's session saw to it that S&P 500 was flat for most of yesterday's session and closed at 4,016.22. Union Pacific is flat, while the Industrials sector seems to be doing slightly worse (-0.027%).

Having set a significant high of $276.69 9 months ago, the freight haulage specialist is trading 26.57% lower. So far this year, it has been doing worse than the S&P 500 by 6.9%. The company's market cap currently stands at $123 billion with an average daily trading volume of 2.34 million shares.

Based on current prices, Union Pacific shareholders are currently earning an annual dividend yield of 2.6% after the company distributed a quarterly dividend of $1.3 per share for all eligible shareholders as of Monday, December 19th. The most recent payment was made on Thursday, December 29th.

Union Pacific was not the only decliner in the industrials sector; United Parcel Service closed at $177.46 (down 1.41%).

On the other hand, positive performances could be seen by looking at other industrials stocks as Lockheed Martin was up 1.1%. Raytheon Technologies gained 0.54%, as it traded at $100.