Norfolk Souther Corporation (NSC) : The total money flow in Norfolk Souther Corporation (NSC) was negative ($1.18 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.43 million. In comparison, the inflow of money into the stock on upticks was $0.25 million. The uptick to downtick ratio was 0.17. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.25 million. The negative money flow of ($1.25 million) confirms the selling in Norfolk Souther Corporation (NSC) on strength. Norfolk Souther Corporation (NSC) gained $0.02 at $94.03, a gain of 0.02% over the previous days close. However, the stock registered 1.91% in the week.
Also, Atlantic Equities initiates coverage on Norfolk Souther Corporation (NYSE:NSC). Atlantic Equities has a Neutral rating on the shares. The rating by the firm was issued on August 11, 2016.
Shares of Norfolk Southern Corporation rose by 2.54% in the last five trading days and 7.29% for the last 4 weeks. Norfolk Southern Corporation is up 14.45% in the last 3-month period. Year-to-Date the stock performance stands at 14.07%.
Norfolk Souther Corporation (NYSE:NSC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.90 and $93.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.37, notching a gain of 0.38% for the day. The total traded volume was 1,399,515 . The stock had closed at $94.01 on the previous day.
In a related news,The officer (EVP-Finance and CFO) of Norfolk Southern Corp, Stewart Marta R sold 3,064 shares at $91.56 on August 18, 2016. The Insider selling transaction had a total value worth of $280,540. 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.