Norfolk Southern Corp.’s recent filing unveils that its Former CEO / Director Shaw Alan H. unloaded 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 sold. As a result of this transaction, Shaw Alan H. now holds 35,045 shares worth roughly $8.69 million.
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Then, Shaw Alan H. bought 51,325 shares, generating $13,137,927 in total proceeds.
Before that, Fahmy Sameh bought 700 shares. Norfolk Southern Corp. shares valued at $171,603 were divested by the Director at a price of $245.15 per share. As a result of the transaction, Fahmy Sameh now holds 7,700 shares, worth roughly $1.91 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 1.24% to $247.92. Over the last five days, the stock has gained 0.59%. Norfolk Southern Corp. shares have risen nearly 4.88% since the year began. Nevertheless, the stocks have risen 28.48% 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 $246.63, while 200 days put it at $239.59.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 246.02, which if violated will result in even more drops to 244.12. On the upside, there is a resistance level at 249.59. A further resistance level may holdings at 251.26. The Relative Strength Index (RSI) on the 14-day chart is 51.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.01%. Stochastics %K at 32.25% 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 2024-09-13, growing by 0.52 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.94 million shares. There was a rise of 21.12%, 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.
