(Reuters circulated the following on April 5.)
NEW YORK — Hedge-fund managers and other investors may be looking for stocks that have gotten ahead of their rivals in the market’s recent 25 percent gain, Barron’s said.
Barron’s said that some market watchers are betting that Union Pacific Corp’s recent outperformance versus fellow railroad operator Kansas City Southern is ripe for a reversal, Barron’s said in its April 6 edition.
Kansas City Southern shares have fallen 30 percentage points more than Union Pacific since October. That is because of Kansas City Southern’s high debt load and exposure to Mexican traffic.
Union Pacific’s is barely down.
Shares of Kansas City closed at $14.20 on Friday, near its 12-month low on April 1 of $12.25. It hit a 12-month high of $55.86 in July.
Union Pacific shares closed at $46.09 and set a 12-month low of $33.29 a month ago. Its 12-month high was $85.70 reached in September.