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 $1.04 million.
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 $2.44 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 0.55% to $235.88. Over the last five days, the stock has lost -0.55%. Norfolk Southern Corp shares have risen nearly 0.50% since the year began. Nevertheless, the stocks have risen 1.25% over the past one year. While a 52-week high of $277.60 was reached on 01/02/25, a 52-week low of $206.71 was recorded on 01/02/25. SMA at 50 days reached $255.07, while 200 days put it at $242.39.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 233.97, which if violated will result in even more drops to 232.06. On the upside, there is a resistance level at 237.39. A further resistance level may holdings at 238.90. The Relative Strength Index (RSI) on the 14-day chart is 35.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.45%. Stochastics %K at 23.53% 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 2024-12-13, growing by 60737.0 shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.22 million shares. There was a rise of 2.66%, which implies that there is a positive sentiment for the stock.
