Norfolk Souther Corporation (NSC) has been under a strong bear grip, hence the stock is down -0.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.68% in the past 1 week. The stock has risen by 3.64% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.47% in the past 4 weeks.
Norfolk Southern Corporation is up 7.91% in the last 3-month period. Year-to-Date the stock performance stands at 10.7%. The stock has recorded a 20-day Moving Average of 2.52% and the 50-Day Moving Average is 5.14%.
Norfolk Souther Corporation (NYSE:NSC): The stock opened at $91.30 on Friday but the bulls could not build on the opening and the stock topped out at $91.96 for the day. The stock traded down to $91.05 during the day, due to lack of any buying support eventually closed down at $91.58 with a loss of -0.10% for the day. The stock had closed at $91.67 on the previous day. The total traded volume was 1,078,454 shares.
Also, Atlantic Equities initiates coverage on Norfolk Souther Corporation (NYSE:NSC) The current rating of the shares is Neutral. The rating by the firm was issued on August 11, 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.