The COB, Pres & CEO of Norfolk Southern is Exercising Options

By Carrie Williams

Today it was reported that the COB, Pres & CEO of Norfolk Southern (NYSE: NSC), James Squires, exercised options to sell 34,077 NSC shares at $68.80 a share, for a total transaction value of $5.85M.

Following James Squires’ last NSC Sell transaction on February 05, 2018, the stock climbed by 34.3%.

See today’s analyst top recommended stocks >>

Based on Norfolk Southern’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.9 billion and quarterly net profit of $709 million. In comparison, last year the company earned revenue of $2.64 billion and had a net profit of $496 million. NSC’s market cap is $48.22B and the company has a P/E ratio of 8.63. Currently, Norfolk Southern has an average volume of 2M.

Nine different firms, including Avondale and Barclays, currently also have a Sell rating on the stock. Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $180.00, reflecting a -4.5% downside.

The insider sentiment on Norfolk Southern has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

James Squires’ trades have generated a -14.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States.