Norfolk Southern Corp.’s recent filing unveils that its Director Fahmy Sameh acquired Company’s shares for reported $0.44 million on Jun 14 ’24. In the deal valued at $219.25 per share,2,000 shares were bought. As a result of this transaction, Fahmy Sameh now holds 7,000 shares worth roughly $1.73 million.
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Then, Fahmy Sameh bought 1,500 shares, generating $333,255 in total proceeds. Upon buying the shares at $222.17, the Director now owns 5,000 shares.
Before that, Fahmy Sameh bought 500 shares. Norfolk Southern Corp. shares valued at $111,100 were divested by the Director at a price of $222.20 per share. As a result of the transaction, Fahmy Sameh now holds 3,500 shares, worth roughly $0.87 million.
TD Cowen reiterated its Norfolk Southern Corp. [NSC] rating to a Hold in a research note published on July 26, 2024; the price target was $253. Wells Fargo began covering NSC with “an Overweight” recommendation on June 07, 2024. RBC Capital Mkts revised its rating on May 23, 2024. It rated NSC as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of NSC
On Friday, Norfolk Southern Corp. [NYSE:NSC] saw its stock jump 10.91% to $247.22. Over the last five days, the stock has gained 8.45%. Norfolk Southern Corp. shares have risen nearly 4.59% since the year began. Nevertheless, the stocks have risen 4.34% 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 06/25/24. SMA at 50 days reached $223.25, while 200 days put it at $230.02. A total of 2.83 million shares were traded, compared to the trading of 2.09 million shares in the previous session.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 241.90, which if violated will result in even more drops to 236.59. On the upside, there is a resistance level at 251.23. A further resistance level may holdings at 255.25. The Relative Strength Index (RSI) on the 14-day chart is 71.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.94%. Stochastics%K at 60.54% indicates the stock is a holding.
The most recent change occurred on April 08, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $300 price target.
