Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Norfolk Southern Corp shares valued at $99,459 were purchased by ANDERSON RICHARD H on Dec 13 ’24. At $248.65 per share, ANDERSON RICHARD H acquired 400 shares. The insider’s holdings grew to 4,400 shares worth approximately $1.01 million following the completion of this transaction.
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Also, Clyburn William Jr. purchased 201 shares, netting a total of over 49,930 in proceeds. Following the buying of shares at $248.41 each, the insider now holds 201 shares.
Before that, Fahmy Sameh had added 350 shares to its account. In a trade valued at $87,280, the Director bought Norfolk Southern Corp shares for $249.37 each. Upon closing the transaction, the insider’s holdings increased to 350 shares, worth approximately $2.39 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 drop of approximately -7.13%. Over the course of the year, Norfolk Southern Corp shares have dropped approximately -2.45%. Shares of the company reached a 52-week high of $277.60 on 11/06/24 and a 52-week low of $206.71 on 06/25/24. A 50-day SMA is recorded $258.08, while a 200-day SMA reached $243.42. Nevertheless, trading volume fell to 1.56 million shares from 1.71 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 227.64, which, if violated, would cause prices to drop to 224.67. In the upper region, resistance lies at 236.45. The next price resistance is at 242.29. RSI (Relative Strength Index) is 22.80 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.16, which suggests the price will decrease in the coming days. Percent R is at 99.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
