NSC: Shaw Alan H. sold 51,325 shares at $255.98 on 2024-09-13 for $13,138,301.81; holdings cut from 86,370 to 35,045 shares.
Shaw Alan H. executed a substantial sale reducing his NSC holdings by 51,325 shares (-59.4% vs pre-transaction holdings), disposing of $13,138,301.81 in equity while retaining 35,045 shares. The sale occurred at $255.98, near the 52-week high of $263.13, though the stock has since retreated to $248.14 (current price is -5.7% from the 52-week high). Norfolk Southern's fundamentals show recent deterioration: annual revenue growth is -4.6%, net income stands at $737,000,000.00 on revenue of $3,044,000,000.00 for the latest quarter, and the stock trades at a P/E of 31.25 despite this contraction. The insider's substantial position reduction warrants investor scrutiny as it represents a meaningful shift in insider exposure to the company at a time of declining annual revenue.