10 Large-Cap Stocks Insiders Are Buying Recently

5. Norfolk Southern Corporation (NYSE:NSC)

Number of Recent Insider Purchases: 10

Market Cap: $58.768 billion

One of the 10 Best Shipping Stocks To Invest In Now, Norfolk Southern Corporation is a North American transportation service giant mostly focused on railroads. The Atalanta, Georgia-based company runs one of the biggest rail networks in the U.S. spanning around 19,000 miles, and connecting important regions and ports.

The company’s intermodal transportation – moving goods by multiple modes of transport like rail and truck – is often touted as a strong point of its operation, especially with the rise of the e-commerce sector. In this way, Norfolk Southern Corporation also serves various industries, such as automotive, chemicals, consumer goods and agriculture.

In the third quarter of 2024, the transportation company reported revenues of $3.1 billion, up $80 million or 3%, compared to the same reporting period of 2023. Income from railway operations reached $1.6 billion, an increase of $840 million, or 111%, from the comparable quarter of 2023.

Over the last 12 months, Norfolk shares rose 7.65% to $256.66 per share.