Norfolk Souther Corporation (NYSE:NSC) : Traders are bullish on Norfolk Souther Corporation (NYSE:NSC) as it has outperformed the S&P 500 by a wide margin of 1.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.43% in the last 1 week, and is up 2.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -0.05% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $98.75 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $84.12 and the 200 Day Moving Average price is recorded at $80.83.
The stock has recorded a 20-day Moving Average of 2.65% and the 50-Day Moving Average is 1.03%.
Norfolk Souther Corporation (NYSE:NSC): stock turned positive on Friday. Though the stock opened at $84.79, the bulls momentum made the stock top out at $86.94 level for the day. The stock recorded a low of $84.67 and closed the trading day at $86.42, in the green by 2.83%. The total traded volume for the day was 2,131,448. The stock had closed at $84.04 in the previous days trading.
In an insider trading activity, Hurlbut Thomas E, officer (Vice President and Controller) of Norfolk Southern Corp, unloaded 668 shares at an average price of $89.92 on May 5, 2016. The total amount of the transaction was worth $60,067, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Companys system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Companys general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products.