Shares closed at $312.12 on Wednesday, marking a fourth consecutive day of losses and finishing 3.48% below the recent 52-week high of $323.37.
Norfolk Southern's decline outpaced Union Pacific and CSX, which fell 1.11% and 1.22% respectively, amid a broadly negative market session.
Trading volume was 948,636, significantly below the 50-day average, reflecting subdued investor activity as major indices like the S&P 500 and Dow Jones also posted losses.
With earnings down 27%, can Norfolk Southern's cost-cutting plans overcome rising fuel prices and inflation?
Despite a 'Hold' rating, NSC's valuation seems high. What are investors missing about the company's future?
A new coalition is fighting the UP-NSC rail merger. Can regulators protect shippers from a potential freight duopoly?
Past rail mergers caused massive disruptions. What guarantees will prevent this one from paralyzing the US supply chain?
Will the first US transcontinental railroad improve supply chains or just create a company too big to fail?