Barchart11d agobearish
Is Norfolk Southern Stock Underperforming the Nasdaq?Although Norfolk Southern has trailed the broader Nasdaq Composite over the past year, analysts are fairly bullish about the stock’s prospects.
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Investor's Business Daily58d agobearish
These Industrial Stock Moves Send A Bullish Signal About The EconomyIndustrial stocks bucked a falling market on Thursday. The State Street Industrial Select Sector SPDR ETF popped back into in a buy zone, led by gap-ups and breakouts for CSX, RTX and others. Many holdings in this exchange traded fund delivered blowout earnings this week.
The Wall Street Journal58d agobearish
CN to Drop Opposition to Union Pacific-Norfolk Southern Deal in Return for Expanded AccessUnion Pacific reached a deal with Canadian National Railway to give the Montreal railroad further access in the Midwest in exchange for ending its opposition to Union Pacific’s $71.5 billion merger with Norfolk Southern.
Insider Monkey96d agobearish
Union Pacific Corporation (UNP) Makes Submissions Supporting $85B Merger with Norfolk SouthernUnion Pacific Corporation (NYSE:UNP) is one of the most profitable industrial stocks to buy now. On May 28, the Surface Transportation Board confirmed that it has received the merger application from Union Pacific Corporation (NYSE:UNP) and Norfolk Southern Corporation. The application paves the way for the proposed merger to move forward in the review process. […]
Barchart106d agobearish
Is Norfolk Southern Stock Underperforming the S&P 500?Despite underperforming the broader S&P 500 Index over the past year, Norfolk Southern continues to garner cautious optimism from Wall Street.
The Wall Street Journal114d agobearish
Berkshire Stock Falls After Railroad Merger Hits SnagClass A shares of Berkshire Hathaway, owner of BNSF Railway, reversed earlier gains on Thursday after a federal regulator pushed pause on its review of the blockbuster merger between Union Pacific and Norfolk Southern. BNSF, which competes with Union Pacific in the Western U.S., has previously said that the proposed merger will "concentrate too much control of the nation's freight market with one railroad leading to long-term harm to competition and resilience in the nation's supply chain." "BNSF remains firmly opposed to the proposed UP–NS merger," the Berkshire-owned railroad said in a statement on Thursday.
The Wall Street Journal114d agobearish
Shares of Union Pacific, Norfolk Southern Drop as Merger Hits SnagShares of freight railroads Union Pacific and Norfolk Southern dropped sharply Thursday, after a federal regulator paused the review process for their merger, stating it needed more details to evaluate the transaction. Union Pacific fell 3.5%, and Norfolk Southern is down 5%. While the Surface Transportation Board said it accepted the revised merger application that the two railroads filed in April, it froze the review and will establish another schedule for the remainder of the process.
Motley Fool127d agobearish
BlackLine Stock Has Fallen 50%. One Fund Just Sold Its Entire $13 Million PositionBlackLine delivers cloud-based automation solutions for finance teams, serving enterprises seeking efficiency and compliance at scale.