Norfolk Souther Corporation (NSC) Shares Slide -2.42%

Norfolk Souther Corporation (NSC) has risen sharply, recording gains of 5.38% in the past 4 weeks. However, the stock has corrected -2.42% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.95% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.75% and the 50-Day Moving Average is 4.33%. Norfolk Southern Corporation is up 0.3% in the last 3-month period. Year-to-Date the stock performance stands at 7.8%.


Norfolk Souther Corporation (NYSE:NSC): On Fridays trading session , Opening price of the stock was $89.73 with an intraday high of $90.31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $89.1. However, the stock managed to close at $89.78, a loss of 0.27% for the day. On the previous day, the stock had closed at $90.02. The total traded volume of the day was 1,218,780 shares.

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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