Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $162.50 short call and a strike $167.50 long call offers a potential 7.53% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $162.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $167.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Norfolk Southern is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Norfolk Southern is bearish.
The RSI indicator is at 36.32 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 names Zampi vice president and controller
Thu, 13 Dec 2018 21:30:00 +0000
NORFOLK, Va. , Dec. 13, 2018 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) announced that Jason A. Zampi has been named vice president and controller, effective Dec. 16 . He will be headquartered …
Norfolk Southern Makes It Official: It's Moving HQ To Atlanta
Thu, 13 Dec 2018 16:15:13 +0000
Eastern railroad Norfolk Southern Corp. (NYSE: NSC) made it official today and said it will relocate its headquarters to Atlanta from Norfolk. The relocation, which is expected to take a couple of years, was finalized after the Atlanta City Council signed off a deal for the railroad to sell its property in Atlanta's downtown Gulch development to CIM Group, a real estate company. CEO James A. Squires told the Atlanta Business Chronicle that the company will relocate 100 employees next year into temporary offices at its current Atlanta location.
Governor: Norfolk Southern moving headquarters to Atlanta
Wed, 12 Dec 2018 22:53:26 +0000
Railroad company Norfolk Southern Corp. is moving its headquarters from Norfolk, Virginia, to Atlanta, bringing with it 850 jobs and more than $500 million in economic investment, Georgia Gov. Nathan Deal announced Wednesday. The company plans to build a new headquarters campus with 750,000 square feet (69,600 square meters) of office space in the city's Midtown area, according to records from Atlanta's economic development authority. “When you consider those 850 new jobs on top of —in excess of — 4,700 jobs that are currently Norfolk Southern employees in the state of Georgia, they suddenly become a major player in our state's economy,” Deal said at Wednesday's news conference.
Norfolk Southern sold Gulch property to developer CIM Group for $115 million
Wed, 12 Dec 2018 20:07:06 +0000
Los Angeles developer CIM Group paid slightly more than $7 million an acre for the 16.3 acres Norfolk Southern owned in the Gulch, a collection of parking lots and railroads between downtown attractions Mercedes-Benz Stadium and State Farm Arena.
Norfolk Southern moves headquarters to Atlanta
Wed, 12 Dec 2018 19:49:43 +0000
Norfolk Southern Corp said on Wednesday it would shift its headquarters to Atlanta from Virginia, tapping a major hub for transportation. The fourth-largest U.S. railroad joins United Parcel Services , …
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