Norfolk Southern Corp.’s filing revealed that its Former Officer Shaw Alan H. acquired Company’s shares for reported $13.14 million on Sep 13 ’24. In the deal valued at $255.98 per share,51,325 shares were bought.
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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, Fahmy Sameh bought 300 shares. Norfolk Southern Corp. shares valued at $72,494 were divested by the Director at a price of $241.65 per share. As a result of the transaction, Fahmy Sameh now holds 8,000 shares, worth roughly $1.98 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 fall -1.59% to $247.86. Over the last five days, the stock has gained 0.84%. Norfolk Southern Corp. shares have risen nearly 4.86% since the year began. Nevertheless, the stocks have risen 20.74% 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 $242.82, while 200 days put it at $238.62.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 246.28, which if violated will result in even more drops to 244.71. On the upside, there is a resistance level at 249.66. A further resistance level may holdings at 251.47. The Relative Strength Index (RSI) on the 14-day chart is 50.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.40%. Stochastics %K at 29.22% 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 2024-08-30, growing by 12030.0 shares to a total of 1.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.93 million shares. There was a rise of 0.62%, which implies that there is a positive 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.
