Updated
Updated · MarketWatch · May 7Norfolk Southern stock slips 1.22% but outperforms competitors
11 articles · Updated · MarketWatch · May 7
- Shares closed at $313.39 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
- The decline ended a two-day winning streak, while Norfolk Southern still beat Union Pacific, down 1.25%, and CSX, down 2.50%.
- The stock finished 3.09% below its 52-week high of $323.37 reached on 24 April, with trading volume of 650,301 well below its 50-day average.
With rivals and shippers fighting back, can the $85 billion Norfolk Southern-Union Pacific rail merger actually succeed? Will a transcontinental railroad giant boost the US economy or create a dangerous supply chain monopoly?