Company Shares of Norfolk Souther Corporation Rally 1.31%

Stocks of Norfolk Souther Corporation (NYSE:NSC) rallied by 1.31% during the past week but lost 0.29% on a 4-week basis. The company has outperformed the S&P 500 by 2.52% in the past week but underperformed the index by 1.2% in the last 4 weeks.

Norfolk Souther Corporation (NYSE:NSC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $84.15 and $83.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $85.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $85.19, notching a gain of 1.19% for the day. The total traded volume was 2,195,232 . The stock had closed at $84.19 on the previous day.

The company shares have dropped -7.72% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $98.75 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $85.87 and the 200 Day Moving Average price is recorded at $81.48.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hurlbut Thomas E, officer (Vice President and Controller) of Norfolk Southern Corp, had unloaded 668 shares at an average price of $89.92 in a transaction dated on May 5, 2016. The total value of the transaction was worth $60,067.

Many analysts have stated their opinion on the company shares. Oppenheimer initiates coverage on Norfolk Souther Corporation (NYSE:NSC) The current rating of the shares is Market Perform. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.66% of Norfolk Souther Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.19% . Institutional Investors own 69.58% of Norfolk Souther Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -5.19%.

Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Companys system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Companys general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.