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August 30, 2006

Update: P&W stock dips as trading re-opens

After setting a 52-week high yesterday, the stock of Providence & Worcester Railroad didn't trade for four hours today.

When trading finally began at 1:30 p.m., the stock began to fall back. At 3 p.m. it it was off about 5 percent from Tuesday's high.

The stock closed Thursday, Aug. 24 at $19.01 a share on volume of 200 shares. Then on Friday trading jumped to 10,500 shares. Volume was 11,100 shares on Monday and 8,700 shares yesterday when the stock closed at a 52-week high of $20.75.

At 3 p.m. today, the stock was down 98 cents a share at $19.77 on volune of 3,600 shares.

The railroad, based in Worcester, runs 516 miles of track between New Haven and Worcester.

Posted by Peter Phipps  at 3:20 PM | Permalink

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