Norfolk southern stock price reached $229

Norfolk Southern stock price reached $229.20, buoyed by stronger coal shipment volume in the Southeast region. Energy market demand shifts are likely to influence rail pricing strategies in the coming months. Union Pacific argues the merger would create more supply chain efficiency. However, the number of major railroads would shrink to five from six, possibly leading to higher prices. NSC opened at $297.61 on Thursday. Norfolk Southern has a twelve month low of $201.63 and a twelve month high of $298.42. The company has a 50-day simple moving average of $280.68 and a 200 day simple moving average of $253.47. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $66.85 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.61 and a beta of 1.29.