Norfolk Southern Corp.’s recent filing unveils that its Director Fahmy Sameh acquired Company’s shares for reported $0.33 million on Jun 03 ’24. In the deal valued at $222.17 per share,1,500 shares were bought. As a result of this transaction, Fahmy Sameh now holds 5,000 shares worth roughly $1.1 million.
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Then, Fahmy Sameh bought 500 shares, generating $111,100 in total proceeds. Upon buying the shares at $222.20, the Director now owns 3,500 shares.
Before that, Huffard John C Jr bought 3,398 shares. Norfolk Southern Corp. shares valued at $747,288 were divested by the Director at a price of $219.92 per share. As a result of the transaction, Huffard John C Jr now holds 3,398 shares, worth roughly $0.75 million.
Wells Fargo initiated its Norfolk Southern Corp. [NSC] rating to an Overweight in a research note published on June 07, 2024; the price target was $270. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in late May from “a Sector perform” to “an Outperform”. Jefferies began covering NSC with “Buy” recommendation on April 08, 2024. TD Cowen maintained its rating on March 21, 2024. It rated NSC as “a Market perform”.
Price Performance Review of NSC
On Friday, Norfolk Southern Corp. [NYSE:NSC] saw its stock fall -0.87% to $219.90. Over the last five days, the stock has lost -1.86%. Norfolk Southern Corp. shares have fallen nearly -6.97% since the year began. Nevertheless, the stocks have fallen -0.68% over the past one year. While a 52-week high of $263.66 was reached on 03/13/24, a 52-week low of $183.09 was recorded on 06/14/24. SMA at 50 days reached $233.08, while 200 days put it at $226.88. A total of 0.89 million shares were traded, compared to the trading of 0.84 million shares in the previous session.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 217.40, which if violated will result in even more drops to 214.91. On the upside, there is a resistance level at 221.72. A further resistance level may holdings at 223.54. The Relative Strength Index (RSI) on the 14-day chart is 37.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.50%. Stochastics %K at 31.84% indicates the stock is a holding.
