Norfolk Southern Corp (NYSE:NSC) shares, rose in value on Friday, May 09, with the stock price down by -0.25% to the previous day’s close as strong demand from buyers drove the stock to $223.50.
Actively observing the price movement in the last trading, the stock closed the session at $224.07. The PE ratio was 15.26 over 12-month period. Referring to stock’s 52-week performance, its high was $277.60, and the low was $201.63. On the whole, NSC has fluctuated by 0.67% over the past month.
With the market capitalization of Norfolk Southern Corp currently standing at about $50.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 5.40, with its dividend yield at 2.42%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NSC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.49, with the price of NSC currently trading nearly 1.03% and -1.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.09, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 2.49%. Furthermore, Norfolk Southern Corp (NSC)’s beta value is 1.30, and its average true range (ATR) is 5.89.
A comparison of Norfolk Southern Corp (NSC) with its peers suggests the former has fared considerably weaker in the market. NSC showed an intraday change of -0.25% in last session, and over the past year, it shrunk by -3.80%%.
Data on historical trading for Norfolk Southern Corp (NYSE:NSC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.32 million. According to company’s latest data on outstanding shares, there are 225.44 million shares outstanding.
Nearly 0.07% of Norfolk Southern Corp’s shares belong to company insiders and institutional investors own 78.84% of the company’s shares. The stock has fallen by -4.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NSC stock heading into the next quarter.
