Norfolk Souther Corporation (NSC) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $11.17 million worth of transactions were on upticks, whereas, the downticks accounted for $8.91 million worth of transactions. The net money flow was a positive $2.26 million and the uptick to downtick ratio was 1.25. The net money flow into the stock was $2.34 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.34 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Norfolk Souther Corporation (NSC) was trading at $93.77, down $0.03 during day. The stock slid -0.03% over the previous days close. For the week, the stock recorded 1.63% over the previous weeks close.
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 -18.22% . Institutional Investors own 68.1% of Norfolk Souther Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.71%.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Exec. VP-Law & Corp. Relations) of Norfolk Southern Corp, Hixon James A had sold 10,000 shares worth of $941,500 in a transaction dated August 29, 2016. In this transaction, 10,000 shares were sold at $94.15 per share.
Norfolk Souther Corporation (NYSE:NSC): The stock opened at $94.09 and touched an intraday high of $94.8 on Friday. During the day, the stock corrected to an intraday low of $93.69, however, the bulls stepped in and pushed the price higher to close in the green at $94.16 with a gain of 0.38% for the day. The total traded volume for the day was 774,244. The stock had closed at $93.8 in the previous trading session.
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 6.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.54%, 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 2.05% in the last 1 week, and is up 5.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.