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Notable ETF Outflow Detected - IYT, NSC, KSU, LSTR
Friday, March 19, 10:51 AM ET, by Market News Video Staff

Symbols mentioned in this story: IYT, NSC, KSU, LSTR Exchange traded funds (ETFs) trade just ...

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May 28th Options Now Available For Norfolk Southern (NSC)
Thursday, April 8, 11:00 AM ET, by Market News Video Staff

Investors in Norfolk Southern Corp (NSC) saw new options begin trading today, for the May ...

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Thursday, April 15, 11:11 AM ET, by Market News Video Staff

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Top Buys by Directors: Mongeau's $664.3K Bet on NSC

By Market News Video Staff, Wednesday, June 2, 3:29 PM ET
Play Video: One Reason For Insiders to Buy

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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $664.3K by Claude Mongeau, Director at Norfolk Southern Corp (NYSE:NSC).

Mongeau bets big on NSC:

Purchased Insider Title Shares Price/Share Value
06/01/2021 Claude Mongeau Director 2,350 $282.69 $664,315.86

Mongeau's average cost works out to $282.69/share. In trading on Wednesday, bargain hunters could buy shares of Norfolk Southern Corp (NYSE:NSC) and achieve a cost basis lower than Mongeau, with shares changing hands as low as $278.74 per share. Shares of Norfolk Southern Corp were changing hands at $278.95 at last check, trading down about 0.8% on Wednesday. The chart below shows the one year performance of NSC shares, versus its 200 day moving average:

Norfolk Southern Corp Chart

Looking at the chart above, NSC's low point in its 52 week range is $166 per share, with $295.14 as the 52 week high point — that compares with a last trade of $278.95.

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Top Buys by Directors: Mongeau's $664.3K Bet on NSC | Market News Video | Copyright © 2008 - 2021, All Rights Reserved

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