Norfolk Souther Corporation (NSC) : Traders are bullish on Norfolk Souther Corporation (NSC) as it has outperformed the S&P 500 by a wide margin of 2.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.42%, 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 0.75% 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.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.99% and the fifty day Moving Average is 4.9%. Norfolk Southern Corporation is up 10.58% in the last three month period. Year-to-Date the stock performance stands at 11.53%.
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 $64. The average forecast of all the analysts is $88.17 and the expected standard deviation is $11.63.
Norfolk Souther Corporation (NYSE:NSC): stock turned positive on Friday. Though the stock opened at $92.16, the bulls momentum made the stock top out at $92.97 level for the day. The stock recorded a low of $91.9 and closed the trading day at $92.27, in the green by 0.21%. The total traded volume for the day was 1,322,655. The stock had closed at $92.08 in the previous days trading.
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.