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Stock Charts AI Power Rank: 5.2
Power Rank trend -> Rising

Last Price: 247.22 - Change: 24.32 - Change %: 10.9107
07/26/2024 16:10:00 EST

Norfolk Southern Corporation (NSC)

Industry: Railroads

Price Support Resistance

In the past 20 trading days, NSC has been trading in a range between $234.79 and $213.75 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

NSC is trading between resistance at $250.55 about 1% to the upside and support at $234.26 -5% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $263.13, about a 6% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Norfolk Southern Corporation $NSC entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $234.7, a potential down side of -5.06% from the recent price of 247.22. The stock is trading 6.03% (potential upside) below its 52 week high of $262.12 and 37.58 % (potential downside) above its 52 week low of $179.69 - based on the recent price.

Company Summary

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and operates an intermodal network.

NSC Website

News

Norfolk Southern Stock Is Back In the Green This Year. Here's Why
Norfolk Southern (NSC) shares soared Friday after the freight train operator posted better-than-expected profit as it cut costs and benefited from an insurance payment related to a 2023 derailment in East Palestine, Ohio.
Source: Investopedia
Fri, 26 Jul 2024 15:45:31 -0400
Sentiment: Positive
Norfolk Southern Corporation Shareholders Are Welcomed By The Schall Law Firm To Join The Investigation
LOS ANGELES, CA / ACCESSWIRE / July 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
Source: Accesswire
Fri, 26 Jul 2024 15:15:00 -0400
Sentiment: Neutral
Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios
Norfolk Southern Corporation NSC shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target.
Source: Benzinga
Fri, 26 Jul 2024 14:10:17 -0400
Sentiment: Positive
Norfolk Southern (NSC) Stock Up Almost 7% on Q2 Earnings Beat
Norfolk Southern's (NSC) second-quarter 2024 revenues benefit from strength across its Merchandise segment.
Source: Zacks Investment Research
Fri, 26 Jul 2024 14:01:02 -0400
Sentiment: Positive
Norfolk Southern CEO on earnings guidance and East Palestine settlement
Alan Shaw, Norfolk Southern CEO, joins 'Squawk on the Street' to discuss earnings, the aftermath of the East Palestine cleanup, and more.
Source: CNBC Television
Fri, 26 Jul 2024 11:52:37 -0400
Sentiment: Neutral
Instituions Institution %: 77.651
Last QTR Institution change: -2022564

Insiders
Insiders %: 0.055
Insiders Purchases last QTR: 7650
Insiders Sales last QTR: 8329
Insiders Net last QTR: -679

Analyst Ratings
Target Price: 234.7
Overall Rating: 3.9643
Strong Buys (5): 12
Buys (4): 5
Holds (3): 10
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 262.1163
52 Week Low: 179.6889
Beta: 1.319
50 Day MA: 223.2462
200 Day MA: 230.0209

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 1.083
Qtr Revenue Growth YOY: 0.021
Forward PE: 20.4918
Trailing PE: 31.2541

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