Norfolk Souther Corporation (NSC) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.75 million) and the uptick to downtick ratio was 0.71. The transaction value on upticks was $9.27 million and on downticks, the transaction value was $13.01 million. The transaction value of block trades during downticks was $1.65 million. The money flow was negative ($1.65 million), indicating the traders were booking profit on the price strength. Norfolk Souther Corporation (NSC) rose $0.26 at $91.66, during intraday Wednesday , a rise of 0.28% over the previous days close.
Also, Oppenheimer initiates coverage on Norfolk Souther Corporation (NYSE:NSC). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on June 16, 2016.
Norfolk Souther Corporation (NYSE:NSC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $91.40 and $90.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $92.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.75, notching a gain of 0.38% for the day. The total traded volume was 1,371,693 . The stock had closed at $91.40 on the previous day.
The stock has recorded a 20-day Moving Average of 6.17% and the 50-Day Moving Average is 7.29%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President and Controller) of Norfolk Southern Corp, Hurlbut Thomas E had sold 668 shares worth of $60,067 in a transaction dated May 5, 2016. In this transaction, 668 shares were sold at $89.92 per share.
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.