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Why Rail Vision Stock Is Tracking Higher
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Why Rail Vision Stock Is Tracking Higher
Mar 11, 2024 8:34 AM

Rail Vision, Ltd. ( RVSN ) shares are trading higher Monday after the company announced it has received an order for its AI-driven Switch Yard System from a Class 1 freight rail company in the U.S.

The Details:

Rail Vision ( RVSN ) said the order is from one of the largest freight rail companies in North America, and the company will install and use the system on its locomotive for evaluation and testing different scenarios related to safety.

“We believe that this new order is a milestone for Rail Vision ( RVSN ) that signifies the industry’s trust in our solutions to navigate the complexities of rail operations. By leveraging AI and machine learning, we aim to transform the way railways operate, enhance safety, efficiency reliability and preserve business continuity across a railway network," commented Rail Vision ( RVSN ) CEO, Shahar Hania.

Rail Vision ( RVSN ) shares are moving on heavy trading volume following the announcement. According to data from Benzinga Pro, more than 24.4 million shares have already been traded in the session, compared to the stock’s 100-day average of 7.108 million shares.

Related News: Carvana Stock Drives Higher On Analyst Upgrade

How To Buy RVSN Stock:

By now you're likely curious about how to participate in the market for Rail Vision ( RVSN ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Rail Vision ( RVSN ), which is trading at $3.15 as of publishing time, $100 would buy you 31.75 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

RVSN Price Action: According to Benzinga Pro, Rail Vision ( RVSN ) shares are up 19% at $3.37 at the time of publication.

Image: Wolfgang Weiser from Pixabay

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