Norfolk Southern Corporation (NYSE:NSC) has made a 39.52% comeback from a 12-month low price of $138.65. It was seen 1.4% higher, changing the price to $193.44, when the closing bell rang on 6/18/2019. At a recent session, the prices were hovering between $191.15 and $194.625. This company shares are 10.7% off its target price of $214.14 and the current market capitalization stands at $51.92B. The recent change has given its price a -3.04% deficit over SMA 50 and -8.52% deficit over its 52-week high. The stock witnessed -4.95% declines, 8.2% gains and 28.21% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NSC’s volatility during a week at 1.94% and during a month it has been found around 1.96%.
What Does Norfolk Southern Corporation (NSC) Do?
The company describes itself in regulatory filings as, “Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. The company transports overseas freight through several Atlantic and Gulf Coast ports. It offers the extensive intermodal network in the eastern half of the United States and is a transporter of coal, automotive, and industrial products. The company’s services include property leases and sales; wire line or pipeline and fiber optics projects; access property; manage private crossings, promote business with signboards, and natural resource management. Norfolk Southern was founded on July 23, 1980 and is headquartered in Norfolk, VA.” [Text can be found here: https://www.marketwatch.com/investing/stock/NSC/profile under company description.]Norfolk Southern Corporation 13F Filings
At the end of recent reporting period, 486 institutional holders increased their position in Norfolk Southern Corporation (NYSE:NSC) by some 15,472,171 shares, 633 decreased positions by 17,932,995 and 270 held positions by 163,088,501. That puts total institutional holdings at 196,493,667 shares, according to SEC filings. The stock grabbed 133 new institutional investments totaling 2,252,712 shares while 81 institutional investors sold out their entire positions totaling 2,766,056 shares.
Multiple company employees have indulged in significant insider trading. Norfolk Southern Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman, President and CEO Squires James A has sold 3,024 shares of Norfolk Southern Corporation (NSC) in the trading session dated May. 21, 2019. These shares are worth $619,043 and were traded at $204.71 each. The SEC filing shows that Wheeler Michael Joseph performed a sale of 2,500 shares. The EVP & COO disposed these shares by way of transaction on May. 03, 2019. The company’s shares were given away at $204.57 per share worth to an income of some $511,425 to the account of Wheeler Michael Joseph.
Vice President and Controller, Zampi Jason Andrew, sold 519 common shares of Norfolk Southern Corporation (NSC) in the open market. In a transaction dated Feb. 14, 2019, the shares were put up for sale at an average price of $181.34, raking in a sum of $94,115. After this sale, common shares of NSC are directly owned by the insider, with total stake valued at $.
In the transaction dated Feb. 12, 2019, a great number of shares sold came courtesy the EVP & COO; Wheeler Michael Joseph disposed a total of 4,761 shares at an average price of $180.23, amounting to approximately $858,075. The insider now directly owns 14,993 shares worth $2,900,155.Norfolk Southern Corporation (NSC) Analyst Guide
Several analysts have released their opinion on Norfolk Southern Corporation (NYSE:NSC), with 8 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 6 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.23 average brokerage recommendation [T1].