Norfolk Southern Corp.’s recently made public that its Director Fahmy Sameh acquired Company’s shares for reported $72494.0 on Aug 02 ’24. In the deal valued at $241.65 per share,300 shares were bought. As a result of this transaction, Fahmy Sameh now holds 8,000 shares worth roughly $1.92 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Fahmy Sameh bought 700 shares, generating $171,603 in total proceeds. Upon buying the shares at $245.15, the Director now owns 7,700 shares.
Before that, Nag Nabanita C bought 355 shares. Norfolk Southern Corp. shares valued at $88,517 were divested by the Officer at a price of $249.34 per share.
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 fall -1.00% to $239.62. Over the last five days, the stock has lost -1.56%. Norfolk Southern Corp. shares have risen nearly 1.37% since the year began. Nevertheless, the stocks have risen 9.92% 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 $226.56, while 200 days put it at $232.12. A total of 0.7 million shares were traded, compared to the trading of 0.61 million shares in the previous session.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 237.56, which if violated will result in even more drops to 235.49. On the upside, there is a resistance level at 241.77. A further resistance level may holdings at 243.91. The Relative Strength Index (RSI) on the 14-day chart is 55.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.00%. Stochastics%K at 62.84% 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.
