Large Outflow of Money Witnessed in Norfolk Souther Corporation

Norfolk Souther Corporation (NYSE:NSC) managed to stay afloat and traded higher with an addition of 0.06 point or 0.07% at $84.15. The money flow data is a negative $(-1.08) million with $0.86 million in upticks and $1.94 million in downticks. The intraday up/down ratio came in at 0.44. The shares have seen 1.25% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $1.08, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-1.08) million.


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%. On the companys insider trading activities, 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 Souther Corporation (NYSE:NSC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.86 points or 1.02% at $83.23 with 1,617,000 shares getting traded. Post opening the session at $84, the shares hit an intraday low of $83.21 and an intraday high of $84.4 and the price was in this range throughout the day. The company has a market cap of $24,614 million and the number of outstanding shares have been calculated to be 295,737,820 shares. The 52-week high of Norfolk Souther Corporation (NYSE:NSC) is $98.75 and the 52-week low is $64.51.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Morgan Stanley, assumes their rating on the shares of Norfolk Souther Corporation (NYSE:NSC). Morgan Stanley has a Underweight rating on the shares. The rating by the firm was issued on June 3, 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 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.

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