Large Outflow of Money Witnessed in Norfolk Souther Corporation

Norfolk Souther Corporation (NYSE:NSC) managed to stay afloat and traded higher with an addition of 1.15 point or 1.37% at $85.34. The money flow data is a negative $(-13.13) million with $23.86 million in upticks and $37 million in downticks. The intraday up/down ratio came in at 0.65. The shares have seen 1.49% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $12.93, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-12.93) million.

Shares of Norfolk Southern Corporation appreciated by 1.31% during the last five trading days but lost 0.37% on a 4-week basis. Norfolk Southern Corporation is up 2.07% in the last 3-month period. Year-to-Date the stock performance stands at 2.29%.

Currently the company Insiders own 0.66% of Norfolk Souther Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.19% . Institutional Investors own 69.58% of Norfolk Souther Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -5.19%. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hurlbut Thomas E, officer (Vice President and Controller) of Norfolk Southern Corp, had unloaded 668 shares at an average price of $89.92 in a transaction dated on May 5, 2016. The total value of the transaction was worth $60,067.

Norfolk Souther Corporation (NYSE:NSC) rose 1.19% or 1 points on Friday and made its way into the gainers of the day. After trading began at $84.15 the stock was seen hitting $85.72 as a peak level and $83.838 as the lowest level. The stock ended up at $85.19. The daily volume was measured at 2,195,232 shares. The 52-week high of the share price is $98.75 and the 52-week low is $64.51. The company has a market cap of $25,194 million.

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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