Norfolk Souther Corporation (NSC) : The money flow analysis of Norfolk Souther Corporation (NSC) indicates a $12.55 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $13.79 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.1 and so was the total money flow at $1.24 million. A solid up-down ratio of 1.81 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $3.94 million worth of block trades on upticks. Only $2.17 million worth of the stock exchanged hands on downticks. The money flow was $1.76 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Norfolk Souther Corporation (NSC), pushing it down by -0.17% for the day. The stock slid $0.16 and traded at $91.4 during the day. Nonetheless, the stock is -0.1% over the previous weeks close.
Norfolk Souther Corporation (NSC) : The consensus price target for Norfolk Souther Corporation (NSC) is $87.78 for the short term with a standard deviation of $11.33. The most optimist securities analyst among the 16 who monitor the stock believes that the stock can reach $102, however, the pessimist price target for the company is $64.
Norfolk Souther Corporation (NYSE:NSC): stock turned positive on Friday. Though the stock opened at $91.34, the bulls momentum made the stock top out at $92.1 level for the day. The stock recorded a low of $90.79 and closed the trading day at $92.01, in the green by 0.49%. The total traded volume for the day was 1,047,073. The stock had closed at $91.56 in the previous days trading.
In a related news,The officer (Vice President and Controller) of Norfolk Southern Corp, Hurlbut Thomas E sold 668 shares at $89.92 on May 5, 2016. The Insider selling transaction had a total value worth of $60,067. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.