Stock Market Alert - An already ugly day for the stock market was made uglier by news that the FRA had rejected a loan application to rehabilitate over 800 miles of railroads. FSTR dropped sharply on the news, losing 21% to close the regular session at $20.20. Volume was heavy on the day, with 820k shares of the stock changing hands, compared to a normal daily average volume of just over 60k shares traded. As of Tuesday’s close, FSTR had a market cap of just over 212 million dollars.
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