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Why Union Pacific Stock Slumped 12% in March

Why Union Pacific Stock Slumped 12% in March | NASDAQ. What happened. Shares of West Coast railroad Union Pacific(NYSE: UNP) fell 11.7% in March, according to data provided by S&P Global Market Intelligence. Indeed, a look at a chart of the share price performance of the Class 1 railroads listed on the market shows how the sector has pretty much moved down in sync with the S&P 500 in 2020. This was a positive sign, because if the OR can drop in bad times, it's likely that a recovery in the industrial economy could lead to an even bigger decrease -- good news for the bottom line of railroads. For reference, Union Pacific was predicting a lower OR in 2020 and carload volumes to be slightly positive in 2020. But clearly all bets are off in terms of guidance for 2020 due to the impact of the coronavirus. So what.

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