Norfolk Souther Corporation (NSC) stock is expected to deviate a maximum of $11.15 from the average target price of $87.47 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $102 and the most muted being $64.
The short interest in Norfolk Souther Corporation (NSC) has declined from 3,143,147 on June 15,2016 to 2,832,489 on June 30,2016. The change was measured at 310,658 shares or 9.9%. The leftover shorts were 1% of the floated shares. The days to cover are 2, given the average daily volume of 1,605,799 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Oppenheimer initiates coverage on Norfolk Souther Corporation (NYSE:NSC). The shares have now been rated Market Perform by the stock experts at the ratings house. The rating by the firm was issued on June 16, 2016.
Norfolk Souther Corporation (NYSE:NSC): stock turned positive on Thursday. Though the stock opened at $91.25, the bulls momentum made the stock top out at $92.64 level for the day. The stock recorded a low of $90.851 and closed the trading day at $91.79, in the green by 1.12%. The total traded volume for the day was 2,310,939. The stock had closed at $90.77 in the previous days trading.
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.