Norfolk Southern Corp (NSC) has experienced a whirlwind of activity. Despite some losses, NSC's stock remained resilient compared to competitors. The
International Assets Investment Management LLC trimmed its holdings in NSC but it piqued the interest of hedge funds. Significant changes were also made in the company's leadership team with the addition of a new independent director courtesy of a cooperation agreement with
shareholder Ancora.
Susquehanna proposed a new price target for NSC while it announced its fourth-quarter 2024 earnings release. Q3 report was encouraging with reports of strong revenue growth. Their strategic decisions included investing in
Alabama and reaching a tentative collective bargaining agreement with the
International Brotherhood of Electrical Workers. NSC also got a new CEO,
Mark George, who is expected to instill financial discipline in the company with his leadership. There were lower expectations for NSC’s stock price set by
Wells Fargo, yet its stock rose in response to encouraging third-quarter results. Norfolk Southern Corp managed to avoid a lawsuit by resolving federal East Palestine derailment claims and investigations.
Norfolk Southern Corp NSC News Analytics from Tue, 09 Apr 2024 07:00:00 GMT to Sat, 11 Jan 2025 08:45:25 GMT -
Rating 3
- Innovation 2
- Information 7
- Rumor -3
