On a relative basis, the stock has outperformed the S&P 500 by 4.29% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.57% in the last 1 week, and is up 11.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Norfolk Souther Corporation (NYSE:NSC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $91.34 and $90.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $92.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $92.01, notching a gain of 0.49% for the day. The total traded volume was 1,047,073 . The stock had closed at $91.56 on the previous day.
The stock has recorded a 20-day Moving Average of 5.72% and the 50-Day Moving Average is 7.47%. Norfolk Southern Corporation is up 1.42% in the last 3-month period. Year-to-Date the stock performance stands at 10.48%.
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.