Norfolk Southern Corp’s recently made public that its Director ANDERSON RICHARD H acquired Company’s shares for reported $99459.0 on Dec 13 ’24. In the deal valued at $248.65 per share,400 shares were bought. As a result of this transaction, ANDERSON RICHARD H now holds 4,400 shares worth roughly $1.07 million.
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Then, Clyburn William Jr. bought 201 shares, generating $49,930 in total proceeds. Upon buying the shares at $248.41, the Director now owns 201 shares.
Before that, Fahmy Sameh bought 350 shares. Norfolk Southern Corp shares valued at $87,280 were divested by the Director at a price of $249.37 per share. As a result of the transaction, Fahmy Sameh now holds 10,350 shares, worth roughly $2.51 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 Monday, Norfolk Southern Corp [NYSE:NSC] saw its stock fall -1.38% to $242.82. Over the last five days, the stock has lost -5.46%. Norfolk Southern Corp shares have risen nearly 2.72% since the year began. Nevertheless, the stocks have risen 3.87% 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 $258.50, while 200 days put it at $243.72.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 240.22, which if violated will result in even more drops to 237.62. On the upside, there is a resistance level at 246.25. A further resistance level may holdings at 249.69. The Relative Strength Index (RSI) on the 14-day chart is 30.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.15%. Stochastics %K at 4.13% indicates the stock is a buying.
How much short interest is there in Norfolk Southern Corp?
A steep rise in short interest was recorded in Norfolk Southern Corp stocks on 2024-11-29, dropping by 36513.0 shares to a total of 2.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.19 million shares. There was a decline of -1.69%, which implies that there is a negative sentiment for the stock.
