Norfolk Southern (NSC) Offering Possible 38.89% Return Over the Next 15 Calendar Days

Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $285.00 short put and a strike $280.00 long put offers a potential 38.89% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $285.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $280.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Norfolk Southern is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Norfolk Southern is bullish.

The RSI indicator is at 72.98 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Norfolk Southern

Norfolk Southern Dangles Duration Bet With 100-Year Bond Sale
Mon, 03 May 2021 19:36:11 +0000
(Bloomberg) — Norfolk Southern Corp. is betting investors aren’t that afraid of rising yields after all.The railroad operator sold $600 million of 100-year corporate bonds, the first to hit the market since 2018, which were also sold by the company. Monday’s offering will be just the ninth century bond issued by a corporation since 2005, according to data compiled by Bloomberg.Investors have recently shied away from taking on duration risk as bond yields rise amid an economic recovery from the pandemic. However, there are signs they’re starting to warm up to longer-dated bonds again as 30-year Treasury yields stabilize and volatility subsides, encouraging more companies to issue further out the curve.Read more: JPMorgan to BlackRock turn away from duration as economies openBonds maturing in 10 years or more generated total returns of 1.7% in April, the most of any high-grade maturity bucket, according to Bloomberg Barclays index data. EBay Inc., Equinix Inc. and Southern Co. are among high-grade companies selling 30-year debt Monday.While century bonds — especially those from companies — are rare, countries tend to be more common issuers. Peru sold $4 billion of such debt in November, back when the 30-year yielded around 1.5%. It’s now up to nearly 2.3%.Norfolk’s century bond will yield 180 basis points over Treasuries, about 20 basis points less than initial discussions, and proceeds will be used for general corporate purposes, according to a person with knowledge of the matter. It’s also selling $500 million of 10-year notes to be allocated for green projects.Bank of America Corp., Morgan Stanley and Wells Fargo & Co. managed the deal, said the person, who asked not to be identified as the details are private.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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Sun, 02 May 2021 20:59:48 +0000
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Norfolk Southern Corp (NSC) Q1 2021 Earnings Call Transcript
Wed, 28 Apr 2021 22:00:39 +0000
NSC earnings call for the period ending March 31, 2021.

Norfolk Southern (NSC) Q1 Earnings Beat, Volumes Up 3% Y/Y
Wed, 28 Apr 2021 15:21:03 +0000
Norfolk Southern's (NSC) Q1 results benefit from higher volumes and reduced costs.

Norfolk Southern (NSC) Beats Q1 Earnings and Revenue Estimates
Wed, 28 Apr 2021 13:25:01 +0000
Norfolk Southern (NSC) delivered earnings and revenue surprises of 4.31% and 0.97%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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