Is Selling Norfolk Southern Corp. Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Norfolk Southern Corp. Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Norfolk Southern Corp. (NSC) recorded an unusually high (138) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious NSC decrease. With 138 contracts traded and 14854 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: NSC170120P00090000 closed last at: $3.1 or 13.9% down. About 286,138 shares traded hands. Norfolk Southern Corp. (NYSE:NSC) has risen 11.24% since April 4, 2016 and is uptrending. It has outperformed by 10.15% the S&P500.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Out of 21 analysts covering Norfolk Southern Corp. (NYSE:NSC), 6 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 29% are positive. Norfolk Southern Corp. has been the topic of 40 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Norfolk Southern Corp. (NYSE:NSC) earned “Buy” rating by Argus Research on Wednesday, November 2. The rating was upgraded by Bank of America to “Buy” on Tuesday, October 11. The rating was upgraded by Bank of America on Friday, September 11 to “Buy”. RBC Capital Markets maintained the shares of NSC in a report on Tuesday, July 28 with “Sector Perform” rating. As per Thursday, October 29, the company rating was maintained by RBC Capital Markets. The firm earned “Equal-Weight” rating on Monday, December 7 by Barclays Capital. On Wednesday, November 25 the stock rating was maintained by Topeka Capital Markets with “Hold”. The firm has “Sector Outperform” rating by Scotia Capital given on Tuesday, March 15. The rating was maintained by Deutsche Bank on Monday, October 12 with “Hold”. The company was downgraded on Wednesday, October 12 by Avondale.

According to Zacks Investment Research, “Norfolk Southern Corp., a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.16, from 0.8 in 2016Q1. The ratio improved, as 48 funds sold all Norfolk Southern Corp. shares owned while 317 reduced positions. 77 funds bought stakes while 272 increased positions. They now own 196.51 million shares or 2.16% less from 200.85 million shares in 2016Q1.
Alphamark Advsr Ltd Limited Liability Company has 0.04% invested in the company for 725 shares. Cantab Cap Ltd Liability Partnership has invested 0% of its portfolio in Norfolk Southern Corp. (NYSE:NSC). Parsec Fincl Mngmt holds 0.03% of its portfolio in Norfolk Southern Corp. (NYSE:NSC) for 4,048 shares. Howland Cap Management Limited Company, a Massachusetts-based fund reported 3,907 shares. Phocas Fincl accumulated 47,463 shares or 0.29% of the stock. Pineno Levin And Ford Asset Mngmt holds 0.14% or 3,271 shares in its portfolio. Girard Limited holds 2,775 shares or 0.09% of its portfolio. Gsa Ltd Liability Partnership accumulated 0.03% or 7,290 shares. Park Oh last reported 16,946 shares in the company. Willis Invest Counsel accumulated 52,815 shares or 0.38% of the stock. Saybrook Capital Nc accumulated 2.6% or 47,219 shares. Pioneer Fincl Bank N A Or accumulated 0.12% or 2,400 shares. Roberts Glore & Il has 12,625 shares for 0.82% of their US portfolio. Baxter Bros Incorporated accumulated 27,875 shares or 0.83% of the stock. Patten Gp Inc has 11,035 shares for 0% of their US portfolio.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 6 insider sales for $1.64 million net activity. Hurlbut Thomas E sold $46,647 worth of stock. $941,508 worth of Norfolk Southern Corp. (NYSE:NSC) was sold by HIXON JAMES A. The insider STEWART MARTA R sold $280,538.

Norfolk Southern Corporation is a holding firm engaged in the rail transportation business. The company has a market cap of $26.61 billion. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. It has a 17.08 P/E ratio. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

NSC Company Profile

Norfolk Southern Corporation, incorporated on August 24, 2009, is a holding firm engaged in the rail transportation business. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest, and through interchange with rail carriers, to and from the rest of the United States. The Firm also transports overseas freight through various Atlantic and Gulf Coast ports. The Firm provides logistics services and offers the intermodal network in the eastern half of the United States. The Company’s system reaches various manufacturing plants, electric generating facilities, mines, distribution centers and other businesses located in its service area.

More news for Norfolk Southern Corp. (NYSE:NSC) were recently published by: Wsj.com, which released: “Norfolk Southern Earnings Narrowly Top Views Amid Cost Cuts” on July 27, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” and published on August 02, 2016 is yet another important article.

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