Norfolk Souther Corporation (NSC) : Traders are bullish on Norfolk Souther Corporation (NSC) as it has outperformed the S&P 500 by a wide margin of 2.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.31%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.87% in the last 1 week, and is up 7.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.07% and the 50-Day Moving Average is 7.16%.
Norfolk Souther Corporation (NYSE:NSC): The stock opened at $91.90 on Friday but the bulls could not build on the opening and the stock topped out at $92.30 for the day. The stock traded down to $90.78 during the day, due to lack of any buying support eventually closed down at $91.49 with a loss of -0.33% for the day. The stock had closed at $91.79 on the previous day. The total traded volume was 1,204,468 shares.
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 69.68% of Norfolk Souther Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -5.19%. 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.