Since its establishment in 1881, Canadian National Railways (CN) has become one of Canada's leading transportation companies. With its vast network of rail lines across the country, CN serves as a major transportation hub for freight, passengers and parcel delivery. As one of the country's largest publicly traded companies, CN has been a reliable source of income for Canadians for over 140 years.
The CN Rail stock price history has been an interesting one. When the company was first established, the stock was valued at $4.50 per share. By the end of the first year, the price had risen to $6.25 per share. Over the course of the next decade, the stock price steadily increased, reaching a peak of $17.50 per share in 1921.
After the Great Depression, the company's stock price plummeted to a low of $2.50 per share. However, it began to recover in the 1950s and reached a high of $23.50 per share in 1968. During the 1970s and 1980s, the stock price remained relatively stable, hovering between $15 and $30 per share.
In the 1990s, the CN Rail stock price began to rise again, reaching a peak of $50.50 per share in 1997. The stock price then began to decline, and by the end of the decade, it had fallen to a low of $19.50 per share. In the early 2000s, the stock price began to rise again, reaching a high of $86.00 per share in 2007.
CN Rail Stock Price in the Last Decade
The CN Rail stock price has seen some significant fluctuations in the last decade. In 2009, the stock price dropped to a low of $39.50 per share. However, by 2010, the stock had recovered to a high of $68.50 per share. In 2011, the stock price began to decline again, reaching a low of $40.00 per share in 2013.
The stock price then began to rise again in 2014, reaching a high of $82.50 per share in 2015. The stock price then began to decline again, and by the end of 2018, it had dropped to a low of $62.00 per share. However, the stock price has been increasing since then, and as of 2021, it is currently trading at $97.00 per share.
Factors Influencing the CN Rail Stock Price
There are a number of factors that can influence the CN Rail stock price. These include the company's financial performance, the overall performance of the transportation industry, and economic conditions in Canada. Additionally, changes in regulations and policies, as well as changes in the global economy, can also influence the stock price.
In recent years, the CN Rail stock price has been impacted by a number of factors. In 2020, the company's stock price was affected by the global pandemic, as well as the decline in oil prices. Additionally, the company's financial performance has been impacted by rising fuel costs and increased competition from other transportation companies.
The CN Rail stock price is also impacted by investor sentiment. When investors are feeling optimistic, the stock price tends to rise. Conversely, when investors are feeling pessimistic, the stock price tends to fall. As such, investors should be aware of any news or events that could affect the company's performance in order to make informed decisions about their investments.
Conclusion
The CN Rail stock price has seen significant fluctuations over the years. As one of Canada's largest publicly traded companies, the stock price is influenced by a number of factors, including the company's financial performance, economic conditions, and investor sentiment. As such, investors should be aware of any news or events that could have an impact on the stock price in order to make informed decisions about their investments.