Large Inflow of Money Witnessed in Norfolk Souther Corporation

Norfolk Souther Corporation (NSC) : On Thursday, The money flowed into the Norfolk Souther Corporation (NSC) stock with an uptick to downtick ratio was recorded at 1.41. Transactions worth $29.09 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $20.58 million. The total money flow into the stock was $8.51 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $8.97 million of block transactions on upticks. The total money flow in block trades was $8.97 million. In terms of price action, Norfolk Souther Corporation (NSC) traded down $0.91 during the session at $84.04. Compared to the previous days closing, the stock was down only by -1.07%. For the week, the stock is -1.36%, over previous weeks closing.


Norfolk Souther Corporation (NSC) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $102 and the lowest price target forecast is $65. The average forecast of all the analysts is $87.7 and the expected standard deviation is $11.79. The stock has recorded a 20-day Moving Average of 0.29% and the 50-Day Moving Average is 1.94%.

Norfolk Souther Corporation (NYSE:NSC): The stock opened at $85.02 on Thursday but the bulls could not build on the opening and the stock topped out at $85.40 for the day. The stock traded down to $83.66 during the day, due to lack of any buying support eventually closed down at $84.04 with a loss of -1.07% for the day. The stock had closed at $84.95 on the previous day. The total traded volume was 1,452,031 shares.

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.

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