Norfolk Southern is a transportation company that has been around since 1838 and is headquartered in Norfolk, Virginia. The company provides rail transportation services to customers throughout the United States and Canada. Norfolk Southern is a publicly traded company and its stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol NSC. Over the years, the stock price of Norfolk Southern has fluctuated substantially.
Norfolk Southern Stock Price History - A Brief Overview
Norfolk Southern has been publicly traded since March 17, 1969, when its shares first began trading at a price of $13.50. Over the years, the stock price of Norfolk Southern has been affected by a number of events, including changes in the company's management, changes in the economy, and changes in the transportation industry. Since its initial public offering, the stock price of Norfolk Southern has fluctuated between a low of $4.12 and a high of $135.00.
Norfolk Southern Stock Price History - The Early Years
In the early years of Norfolk Southern, the company was able to maintain a steady increase in its stock price. During the 1970s, the stock price of Norfolk Southern increased steadily. In 1976, the company's stock price reached a high of $32.00 per share. In the late 1970s and early 1980s, the stock price of Norfolk Southern continued to increase, reaching a high of $50.00 per share in 1982.
Norfolk Southern Stock Price History - The Late 1980s and Early 1990s
During the late 1980s and early 1990s, the stock price of Norfolk Southern declined sharply. In 1988, the company's stock price fell to a low of $11.50 per share. Throughout the 1990s, the stock price of Norfolk Southern remained low, reaching a low of $4.12 per share in 1997. During this period, the company was affected by a number of factors, including a decrease in the demand for rail transportation, increased competition from other transportation companies, and a decrease in the company's profits.
Norfolk Southern Stock Price History - The Late 1990s and Early 2000s
In the late 1990s and early 2000s, the stock price of Norfolk Southern began to recover. In 1998, the company's stock price reached a high of $23.00 per share. Over the next few years, the stock price of Norfolk Southern continued to increase, reaching a high of $66.00 per share in 2000. During this period, the company was benefited by a number of factors, including an increase in the demand for rail transportation, increased efficiency of its operations, and increased profits.
Norfolk Southern Stock Price History - The Late 2000s and Early 2010s
In the late 2000s and early 2010s, the stock price of Norfolk Southern continued to increase. In 2011, the company's stock price reached a high of $95.00 per share. During this time, the company was benefited by a number of factors, including an increase in the demand for rail transportation, increased efficiency of its operations, and increased profits. In 2013, the company's stock price reached a high of $123.00 per share.
Norfolk Southern Stock Price History - The Late 2010s and Early 2020s
In the late 2010s and early 2020s, the stock price of Norfolk Southern experienced a significant increase. In 2018, the company's stock price reached a high of $134.00 per share. Over the next two years, the stock price of Norfolk Southern continued to increase, reaching a high of $135.00 per share in 2020. During this period, the company was benefited by a number of factors, including increased efficiency of its operations, increased demand for rail transportation, and increased profits.
Norfolk Southern Stock Price History - The Present Day
As of May 2021, the stock price of Norfolk Southern is currently trading at $114.39 per share. Over the past year, the stock price of Norfolk Southern has increased by approximately 4.5%. Despite the increase, the company is still trading below its all-time high of $135.00 per share. Going forward, the stock price of Norfolk Southern is likely to be affected by a number of factors, including changes in the economy, changes in the transportation industry, and changes in the company's management.
Conclusion
The stock price of Norfolk Southern has fluctuated substantially over the years. In the early years of the company, the stock price increased steadily. In the late 1980s and early 1990s, the stock price of Norfolk Southern declined sharply. In the late 2000s and early 2010s, the stock price of Norfolk Southern experienced a significant increase. As of May 2021, the stock price of Norfolk Southern is currently trading at $114.39 per share.