Norfolk Southern Corp. Stock Falls Wednesday, Underperforms Market
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Shares of Norfolk Southern Corp. (NSC) slipped 2.12% to $217.62 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.67% to 3,695.16 and Dow Jones Industrial Average falling 0.33% to 30,423.81. The stock's fall snapped a two-day winning streak. Norfolk Southern Corp. closed $81.58 below its 52-week high ($299.20), which the company reached on December 31st.
The stock underperformed when compared to some of its competitors Wednesday, as Union Pacific Corp. (UNP) fell 0.78% to $200.06, Canadian National Railway Co. (CNR.T) fell 0.52% to $112.91, and CSX Corp. (CSX) fell 1.72% to $27.92. Trading volume (1.4 M) eclipsed its 50-day average volume of 1.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 19, 2022.
(END) Dow Jones Newswires
October 19, 2022 17:13 ET (21:13 GMT)
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