Canadian National Railway Company ( CNI ) shares traded slightly lower Thursday following reports of a train derailment in Matteson, Illinois.

The Details:

According to an ABC7 Chicago report, a Canadian National Railway ( CNI ) train has derailed in Matteson, Illinois. No injuries were immediately reported, however, a "white powdery substance" was seen leaking from one of the derailed train cars. 

According to the report, a CN spokesman said about 10 cars carrying “various substances” derailed. A spokesperson for the village of Matteson said residents are under a mandatory evacuation order and should  “plan for a long-term evacuation” and “take any medication and supplies” they may need. 

Canadian National Railway ( CNI ) shares are moving lower on heavy trading volume after the reported derailment. 

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Should I Sell My CNI Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Canadian National Railway ( CNI ) have decreased by 2.53% in the past year. An investor who bought shares of Canadian National Railway ( CNI ) at the beginning of the year would take a loss of $8.67 per share if they sold it today. The stock has fallen 5.2% over the past month, meaning an investor who bought shares on May 1 would see a capital loss of $5.19.

Canadian National Railway ( CNI ) shares have an all-time high of $136.63, representing 17.01% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Canadian National Railway ( CNI ) stock currently has an RSI of 34.23, indicating neutral conditions.

For access to advanced charting and analysis tools and stock data, check out Benzinga PRO. Try it for free.

CNI Price Action: According to Benzinga Pro, Canadian National Railway ( CNI ) shares are down 0.76% at $117.34 at the time of publication Thursday.

Image: Courtesy of Canadian National Railway Company ( CNI )