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 $8.77 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 $1.93 million.
Citigroup initiated its Norfolk Southern Corp. [NSC] rating to a Buy in a research note published on October 09, 2024; the price target was $294. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Hold”‘ rating for it. Wells Fargo started covering the stock on June 07, 2024. It rated NSC as “an Overweight”.
Price Performance Review of NSC
On Friday, Norfolk Southern Corp. [NYSE:NSC] saw its stock jump 1.73% to $250.17. Over the last five days, the stock has gained 0.91%. Norfolk Southern Corp. shares have risen nearly 5.83% since the year began. Nevertheless, the stocks have risen 23.85% 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 $246.38, while 200 days put it at $239.89.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 247.19, which if violated will result in even more drops to 244.20. On the upside, there is a resistance level at 251.86. A further resistance level may holdings at 253.54. The Relative Strength Index (RSI) on the 14-day chart is 55.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.34%. Stochastics %K at 55.60% 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 2024-09-30, growing by 0.27 million shares to a total of 2.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.95 million shares. There was a rise of 12.22%, which implies that there is a positive sentiment for the stock.
