Stock Story -
What Happened:Shares of freight transportation company Norfolk Southern (NYSE:NSC) jumped 12.2% in the afternoon session after the company reported second-quarter earnings results that exceeded analysts' revenue expectations by a small amount but exceeded EPS expectations by a convincing amount. Overall, this quarter seemed strong and shareholders should feel optimistic.
Is now the time to buy Norfolk Southern Corporation? Find out by reading the original article on StockStory, it's free.
What is the market telling us:Norfolk Southern Corporation (NYSE:NSC)'s shares are not very volatile than the market average and over the last year have had only 2 moves greater than 5%. Moves this big are very rare for Norfolk Southern Corporation and that is indicating to us that this news had a significant impact on the market's perception of the business.
Norfolk Southern Corporation is up 5.9% since the beginning of the year, and at $249.44 per share it is trading close to its 52-week high of $263.13 from March 2024. Investors who bought $1,000 worth of Norfolk Southern Corporation's shares 5 years ago would now be looking at an investment worth $1,314.
