Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Norfolk Southern Corp. shares valued at $13,138,302 were sold by Shaw Alan H. on Sep 13 ’24. At $255.98 per share, Shaw Alan H. sold 51,325 shares. The insider’s holdings dropped to 35,045 shares worth approximately $8.66 million following the completion of this transaction.
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Also, Shaw Alan H. purchased 51,325 shares, netting a total of over 13,137,927 in proceeds.
Before that, Fahmy Sameh had added 700 shares to its account. In a trade valued at $171,603, the Director bought Norfolk Southern Corp. shares for $245.15 each. Upon closing the transaction, the insider’s holdings increased to 700 shares, worth approximately $1.9 million.
As published in a research note from TD Cowen on July 26, 2024, Norfolk Southern Corp. [NSC] has been retained to a Hold and the price target has been revised to $253. As of June 07, 2024, Wells Fargo has initiated its “an Overweight” rating for NSC. Earlier on May 23, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for NSC stock which previously was a “a Sector perform”.
Analyzing NSC Stock Performance
During the last five days, there has been a surge of approximately 1.53%. Over the course of the year, Norfolk Southern Corp. shares have jumped approximately 4.51%. Shares of the company reached a 52-week high of $263.66 on 03/13/24 and a 52-week low of $206.71 on 06/25/24. A 50-day SMA is recorded $245.66, while a 200-day SMA reached $239.44. Nevertheless, trading volume fell to 0.97 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Norfolk Southern Corp. (NSC)
According to the 24-hour chart, there is a support level at 245.77, which, if violated, would cause prices to drop to 244.52. In the upper region, resistance lies at 249.46. The next price resistance is at 251.90. RSI (Relative Strength Index) is 49.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 71.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
