Norfolk Southern Corp (NSC): Thomas E Hurlbut , Vice President and Controller of Norfolk Southern Corp sold 668 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $89.92 per share for a total value of $60,069.57 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Cynthia C Earhart (Exec. VP – Admin. and CIO) sold 6,500 shares at $90.04 per share price.On Aug 14, 2015, Wesley G Bush (director) purchased 3,000 shares at $81.38 per share price.Also, On Mar 10, 2015, Thomas E Hurlbut (Vice President and Controller) sold 1,000 shares at $108.19 per share price.
Norfolk Southern Corp.: On Wednesday, May 4, 2016 heightened volatility was witnessed in Norfolk Southern Corp. which led to swings in the share price. The shares opened for trading at $87.98 and hit $89.48 on the upside , eventually ending the session at $88.87, with a gain of 0.36% or 0.32 points. The heightened volatility saw the trading volume jump to 16,07,952 shares. The 52-week high of the share price is $104.58 and the company has a market cap of $26,282 M . The 52-week low of the share price is at $64.51.
Company has been under the radar of several Street Analysts.Norfolk Southern Corp. is Resumed by JP Morgan to Neutral. The Rating was issued on Apr 25, 2016.Norfolk Southern Corp. is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 101 from a previous price target of $89 .The Rating was issued on Apr 22, 2016.Norfolk Southern Corp. is Upgraded by Credit Suisse to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 22, 2016.Norfolk Southern Corp. is Upgraded by UBS to Buy and the brokerage firm has raised the Price Target to $ 102 from a previous price target of $84 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 22, 2016.Norfolk Southern Corp. is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $88 .The Rating was issued on Apr 22, 2016.
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 Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s 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.