Norfolk Southern Corp’s recently made public 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 $2.69 million.
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
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 $9.43 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 1.77% to $268.95. Over the last five days, the stock has gained 2.94%. Norfolk Southern Corp shares have risen nearly 13.78% since the year began. Nevertheless, the stocks have risen 25.73% over the past one year. While a 52-week high of $277.60 was reached on 11/06/24, a 52-week low of $206.71 was recorded on 06/25/24. SMA at 50 days reached $253.90, while 200 days put it at $243.11.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 266.47, which if violated will result in even more drops to 264.00. On the upside, there is a resistance level at 270.43. A further resistance level may holdings at 271.91. The Relative Strength Index (RSI) on the 14-day chart is 59.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.18%. Stochastics %K at 56.65% 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 2024-10-31, dropping by 23841.0 shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.22 million shares. There was a decline of -1.09%, which implies that there is a negative sentiment for the stock.
