Norfolk Southern Corp.’s recent filing unveils that its Director Fahmy Sameh acquired Company’s shares for reported $0.17 million on Aug 01 ’24. In the deal valued at $245.15 per share,700 shares were bought. As a result of this transaction, Fahmy Sameh now holds 7,700 shares worth roughly $ 1.98 million.
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Then, Fahmy Sameh bought 300 shares, generating $72,494 in total proceeds. Upon buying the shares at $241.65, the Director now owns 8,000 shares.
Before that, Nag Nabanita C sold 355 shares. Norfolk Southern Corp. shares valued at $88,530 were divested by the EVP Corp Affairs, CLO&Corp Sec at a price of $249.38 per share. As a result of the transaction, Nag Nabanita C now holds 1,488 shares, worth roughly $0.38 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 Monday, Norfolk Southern Corp. [NYSE:NSC] saw its stock jump 2.72% to $256.81. Over the last five days, the stock has gained 0.25%. Norfolk Southern Corp. shares have risen nearly 8.64% since the year began. Nevertheless, the stocks have risen 30.90% 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 $236.55, while 200 days put it at $237.13.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 252.28, which if violated will result in even more drops to 247.75. On the upside, there is a resistance level at 259.56. A further resistance level may holdings at 262.31. The Relative Strength Index (RSI) on the 14-day chart is 62.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.98%. Stochastics %K at 69.13% indicates the stock is a holding.
How much short interest is there in Norfolk Southern Corp.?
A steep rise in short interest was recorded in Norfolk Southern Corp. stocks on 2024-08-15, dropping by -0.82 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.76 million shares. There was a decline of -42.26%, which implies that there is a negative sentiment for the stock.
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.
