Norfolk Southern Corp’s filing revealed that its Director Fahmy Sameh acquired Company’s shares for reported $0.26 million on Oct 24 ’24. In the deal valued at $255.00 per share,1,000 shares were bought. As a result of this transaction, Fahmy Sameh now holds 10,000 shares worth roughly $2.5 million.
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Then, ANDERSON RICHARD H bought 1,000 shares, generating $257,850 in total proceeds. Upon buying the shares at $257.85, the Director now owns 4,000 shares.
Before that, Shaw Alan H. sold 51,325 shares. Norfolk Southern Corp shares valued at $13,138,302 were divested by the Former CEO / Director at a price of $255.98 per share. As a result of the transaction, Shaw Alan H. now holds 35,045 shares, worth roughly $8.76 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 fall -0.14% to $250.09. Over the last five days, the stock has lost -0.40%. Norfolk Southern Corp shares have risen nearly 5.80% since the year began. Nevertheless, the stocks have risen 31.49% over the past one year. While a 52-week high of $263.66 was reached on 03/13/24, a 52-week low of $189.00 was recorded on 06/25/24. SMA at 50 days reached $250.07, while 200 days put it at $241.51.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 248.81, which if violated will result in even more drops to 247.53. On the upside, there is a resistance level at 252.45. A further resistance level may holdings at 254.82. The Relative Strength Index (RSI) on the 14-day chart is 49.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.51%. Stochastics %K at 30.59% 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 2024-10-15, dropping by -0.4 million shares to a total of 2.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.46 million shares. There was a decline of -19.74%, which implies that there is a negative sentiment for the stock.
