We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Norfolk Southern Corp | NYSE:NSC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.095 | 0.04% | 230.565 | 233.20 | 230.38 | 232.64 | 797,711 | 19:51:17 |
By Dean Seal
Shares of major U.S. railroad companies moved lower in the first few hours of trading Friday after gaining the day before as investors reacted to news that an agreement had been reached to avoid a potential railway strike.
Norfolk Southern Corp. shares fell 3% to $231.81. Shares of CSX Corp. slipped 3.4% to $29.16, and Union Pacific Corp. shares were down 4% at $209.70.
The White House said Thursday that it had been in negotiations with unions and the rail companies to prevent a shutdown that would have further snarled U.S. supply chains.
Railroad operators had seen their shares drop this week amid rising fears of a potential strike and a wider market downturn, but they shot up in premarket trading Thursday after the tentative agreement was announced.
Shares started to slip throughout Thursday though as analysts weighed in on the tentative deal, with analysts at UBS noting that the agreement still needed to be ratified by union membership.
They continued to trend downward in off-hour trading before opening lower Friday, quickly dipping and then edging lower throughout the first half of the day.
The sector's downturn comes amid a selloff in the wider market, propelled by a plunge in the price of FedEx shares after the delivery giant said it would reduce operations.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
September 16, 2022 13:06 ET (17:06 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Norfolk Southern Chart |
1 Month Norfolk Southern Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions