In a filing, Norfolk Southern Corp revealed 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 $1.12 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 $2.64 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 -0.57% to $254.67. Over the last five days, the stock has gained 3.06%. Norfolk Southern Corp shares have risen nearly 8.51% since the year began. Nevertheless, the stocks have risen 5.43% over the past one year. While a 52-week high of $277.60 was reached on 01/23/25, a 52-week low of $206.71 was recorded on 01/02/25. SMA at 50 days reached $251.67, while 200 days put it at $241.85.
Levels Of Support And Resistance For NSC Stock
The 24-hour chart illustrates a support level at 251.98, which if violated will result in even more drops to 249.30. On the upside, there is a resistance level at 256.67. A further resistance level may holdings at 258.68. The Relative Strength Index (RSI) on the 14-day chart is 63.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.56%. Stochastics %K at 90.54% indicates the stock is a selling.
How much short interest is there in Norfolk Southern Corp?
A steep rise in short interest was recorded in Norfolk Southern Corp stocks on 2024-12-31, dropping by 32088.0 shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.16 million shares. There was a decline of -1.51%, which implies that there is a negative sentiment for the stock.
