The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $8.96 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $1.97 million.
As published in their initiating research note from Citigroup on October 09, 2024, Norfolk Southern Corp. [NSC] has been a Buy and the price target has been revised to $294. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late July. Earlier on June 07, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for NSC stock.
Analyzing NSC Stock Performance
During the last five days, there has been a surge of approximately 4.28%. Over the course of the year, Norfolk Southern Corp. shares have jumped approximately 8.15%. 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 $247.12, while a 200-day SMA reached $240.16. Nevertheless, trading volume fell to 0.64 million shares from 1.08 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 253.65, which, if violated, would cause prices to drop to 251.66. In the upper region, resistance lies at 258.41. The next price resistance is at 261.17. RSI (Relative Strength Index) is 62.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.40, which suggests the price will increase in the coming days. Percent R is at 20.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
