CNI

Canadian National Railway Company
NYSEUSDEQUITY Industrials DELAYED
Last price
118.41
▼ 0.91 (0.76%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
119.44
Prev close
119.32
Day high
119.35
Day low
117.77
Volume
853.17K
Market cap
$71.53B
P/E (TTM)
21.18
52W range
90.74 – 131.55

Day trading desk

Current session · delayed
Gap from prior close
+0.10%
Prior close 119.32
VWAP
118.53
-0.10% from price
Relative volume
1.40×
Normal
Session range
3.03%
115.93 – 119.44
Position in range
71%
Near session high
ATR (14D)
2.15
1.81% of price
Prior day high
120.12
PDH
Prior day low
117.88
PDL
Bid / ask spread
—
Quote not published
Session volume
1.97M
Avg 1.41M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-1.78% -3.7%
1M
-4.02% -5.2%
3M
-3.48% -8.0%
6M
+11.80% -6.4%
YTD
+19.79% +5.5%
1Y
+22.86% +6.4%
3Y
+9.30% -72.9%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on CNI open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
163.11K
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 25, 26
Bruder, Shauneen Elizabeth
Director of Issuer
BUY 530 $64.01K Direct
Sep 1, 26
Canadian National Railway Co
Issuer
— 66.80K — Direct
Aug 31, 26
Canadian National Railway Co
Issuer
— 66.19K — Direct
Aug 31, 26
Canadian National Railway Co
Issuer
BUY 66.80K $8.34M Direct
Aug 28, 26
Canadian National Railway Co
Issuer
— 52.56K — Direct
Aug 28, 26
Canadian National Railway Co
Issuer
BUY 66.19K $8.31M Direct
Aug 27, 26
Canadian National Railway Co
Issuer
— 52.05K — Direct
Aug 27, 26
Canadian National Railway Co
Issuer
BUY 52.56K $6.68M Direct
Aug 26, 26
Canadian National Railway Co
Issuer
— 52.39K — Direct
Aug 26, 26
Canadian National Railway Co
Issuer
BUY 52.05K $6.67M Direct
Aug 25, 26
Canadian National Railway Co
Issuer
— 52.40K — Direct
Aug 25, 26
Canadian National Railway Co
Issuer
BUY 52.39K $6.69M Direct
Aug 24, 26
Canadian National Railway Co
Issuer
— 51.89K — Direct
Aug 24, 26
Canadian National Railway Co
Issuer
BUY 52.40K $6.68M Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
Bruder, Shauneen Elizabeth
Director of Issuer 20.13K Acquisition or disposition in the public market
Canadian National Railway Co
Issuer 204.24K Redemption, retraction, cancelation, repurchase
Chouc (Olivier Pierre-Alix)
Senior Officer of Issuer 40.06K Exercise of options
Drysdale, Janet
Senior Officer of Issuer 19.14K Exercise of options
Houle, Ghislain
Senior Officer of Issuer 176.51K Exercise of options
Monaco (Albert)
Director of Issuer 7.40K Acquisition or disposition in the public market
Paquin (Madeleine)
Director of Issuer — Opening Balance-Initial SEDI Report
Robinson (Tracy A)
Director of Issuer 15.14K Acquisition or disposition under a purchase/ownership plan
Thompson (James P)
Senior Officer of Issuer 1.78K Exercise of options
Whitehead (Patrick Timothy)
Senior Officer of Issuer 2.49K Acquisition or disposition under a purchase/ownership plan

Fundamentals

TTM · reported
Market cap$71.53B
Enterprise value$93.98B
Revenue (TTM)$17.76B
Gross profit$9.94B
EBITDA$9.15B
Net income$4.78B
EPS (TTM)$5.59
Free cash flow$3.03B
Total cash$307.00M
Total debt$22.75B
Book value / share$25.74
Shares outstanding604.10M
Float603.24M
Short % of float—
Dividend yield2.16%
Beta (5Y)0.99

Valuation & profitability ratios

Account required
Trailing P/E21.18
Forward P/E18.78
PEG ratio2.44
Price / sales—
Price / book4.60
EV / revenue5.29
EV / EBITDA10.28
Gross margin55.96%
Operating margin40.27%
Profit margin26.92%
Return on equity22.02%
Return on assets7.72%
Debt / equity103.89
Current ratio0.87
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 5 quarters
Blank means not reported, not zero
Line item20252024202320222021YoY
Total revenue $17.30B$17.05B$16.83B$17.11B— +1.5%
Operating revenue $16.68B$16.39B$16.24B$16.57B— +1.7%
Cost of revenue $9.97B$10.08B$9.68B$9.71B— -1.1%
Gross profit $7.33B$6.97B$7.15B$7.40B— +5.2%
Selling, general & admin ——-$479.00M-$498.00M-$407.00M —
Total operating expense $745.00M$642.00M$554.00M$556.00M— +16.0%
Operating income $6.59B$6.33B$6.60B$6.84B— +4.1%
Net interest income -$913.00M-$891.00M-$722.00M-$548.00M— -2.5%
Pre-tax income $6.26B$5.85B$6.49B$6.76B— +7.0%
Tax provision $1.54B$1.40B$863.00M$1.65B— +10.0%
Net income $4.72B$4.45B$5.63B$5.12B— +6.1%
Net income to common $4.72B$4.45B$5.63B$5.12B— +6.1%
Basic EPS 7.587.028.557.46— +8.0%
Diluted EPS 7.577.018.537.44— +8.0%
EBIT $7.18B$6.74B$7.21B$7.31B— +6.4%
EBITDA $9.12B$8.63B$9.03B$9.04B— +5.6%
Basic shares 623.10M633.50M657.70M686.40M— -1.6%
Diluted shares 623.70M634.50M659.10M688.30M— -1.7%

Options analytics

Account required
Put / call volume
2.23
Put-heavy session
Put / call open interest
0.22
Positioning, not flow
Max pain
115.00
-2.9% from spot
ATM implied vol
24.0%
Nearest strike to spot
Skew (10% OTM)
+19.1%
Puts bid over calls
Call volume
107
Contracts, this expiry
Put volume
239
Contracts, this expiry
Heaviest call OI
115.00
3.19K contracts
Heaviest put OI
100.00
317 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 1.962.08 +6.0%
Mar 2026 1.811.80 -0.3%
Dec 2025 1.982.08 +5.1%
Sep 2025 1.771.83 +3.3%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 2.08 26 $4.61B +10.6%
Next quarter 2.18 24 $4.80B +7.6%
Current year 8.12 29 $18.53B +7.1%
Next year 8.99 30 $19.33B +4.3%

Analyst targets & ownership

Account required
Mean target$135.94
High target$149.50
Low target$110.43
Implied upside14.80%
Analyst count13
ConsensusBUY
Strong buy / Buy5 / 10
Hold14
Sell / Strong sell1 / 0
Held by insiders0.03%
Held by institutions73.88%
Institutions holding1.28K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
119.56
-0.96% from price
SMA 20
120.00
-1.33% from price
SMA 50
123.78
-4.34% from price
SMA 100
121.99
-2.94% from price
SMA 200
113.44
+4.38% from price
EMA 12
119.55
-0.95% from price
EMA 26
120.85
-2.02% from price
EMA 50
121.82
-2.80% from price
RSI (14)
40.9
Neutral
MACD (12,26,9)
-1.30
Hist 0.06
ATR (14)
2.15
1.81% of price
Realised vol 30D
17.6%
Annualised
Bollinger upper
122.84
20, 2σ
Bollinger lower
117.17
20, 2σ
50 / 200 cross
Golden
123.78 vs 113.44
Trend bias
Above 200
+4.38%

Options chain

Account required
Expiry
Spot 118.41
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.38
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
17.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-12.9%
Peak to trough
Max drawdown 5Y
-33.5%
Peak to trough
ATR 14
2.15
1.81% of price
Beta (reported)
0.99
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
5.40M
Prior 4.82M
Change vs prior
+12.1%
Shorts adding
% of float
—
—
% of shares out
0.89%
Against total outstanding
Days to cover
4.1
Liquid
Float
603.24M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

338 on file
DateFirm ActionFromTo
Oct 2, 26 Susquehanna MAINTAINED Neutral Neutral
Sep 23, 26 B of A Securities MAINTAINED Buy Buy
Aug 31, 26 Argus Research MAINTAINED Hold Hold
Jul 27, 26 Evercore ISI Group MAINTAINED Outperform Outperform
Jul 27, 26 RBC Capital MAINTAINED Outperform Outperform
Jul 27, 26 Wells Fargo MAINTAINED Overweight Overweight
Jul 27, 26 Barclays MAINTAINED Equal-Weight Equal-Weight
Jul 14, 26 Susquehanna DOWNGRADE Positive Neutral
Jul 9, 26 Citigroup MAINTAINED Buy Buy
Jul 8, 26 Wells Fargo MAINTAINED Overweight Overweight
Jun 25, 26 Barclays MAINTAINED Equal-Weight Equal-Weight
Jun 25, 26 CIBC MAINTAINED Outperformer Outperformer

Dividends & splits

Declared · from the issuer
Forward rate$2.58 / yr
Forward yield2.16%
5-year avg yield2.02%
Payout ratio46.28%
Ex-dividend dateSep 8, 2026
Next pay dateSep 29, 2026
Last split2:1
Split dateDec 2, 2013

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.