Large Outflow of Money Witnessed in Norfolk Souther Corporation

Shares of Norfolk Souther Corporation (NSC) advanced to $119.91. The price had gained 2.62% or 3.06 points intraday. The latest trading session witnessed $67.62 million in upticks and $73.23 million in downticks, resulting in net money flow of (-5.6) million. The up/down ratio for the day stood at 0.92. On a weekly scale, the price has seen a change of -0.37%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-4.06) million occurred during the day. $17.46 million in uptick and $21.52 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.81.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Norfolk Southern Corporation has dropped 0.5% in the last five trading days, however, the shares have posted positive gains of 10.97% in the last 4 weeks. Norfolk Southern Corporation is up 29.79% in the last 3-month period. Year-to-Date the stock performance stands at 10.97%. Norfolk Souther Corporation (NYSE:NSC) rose 2.64% or 3.08 points on Wednesday and made its way into the gainers of the day. After trading began at $117.37 the stock was seen hitting $120 as a peak level and $117.25 as the lowest level. The stock ended up at $119.93. The daily volume was measured at 2,913,818 shares. The 52-week high of the share price is $122.17 and the 52-week low is $64.51. The company has a market cap of $34,830 million.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, James A Squires (Chairman, President and CEO) sold 34,417 shares at 119.78 per share price.On Nov 21, 2016, Thomas E Hurlbut (Vice President and Controller) sold 469 shares at 103.77 per share price.On Nov 18, 2016, Alan H. Shaw (EVP & Chief Marketing Officer) sold 1,654 shares at 103.17 per share price.

Norfolk Southern Corp. Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $1.36. The company had revenue of $2490.00 million for the quarter, compared to analysts expectations of $2497.29 million. The companys revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.20 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Jan 26, 2017 to Outperform, Raises Price Target to $ 130 from a previous price target of $116 .Norfolk Southern Corp. was Initiated by Buckingham Research to Neutral on Jan 18, 2017. Norfolk Southern Corp. was Downgraded by CLSA to Underperform on Jan 10, 2017. Company shares were Downgraded by Seaport Global Securities on Jan 9, 2017 to Neutral, Raises Price Target to $ 106 from a previous price target of $101 .

Norfolk Southern Corp., a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. (Company Press Release)


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