R Squared Ltd Takes Position in Norfolk Southern Corporation

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R Squared Ltd bought a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,305 shares of the railroad operator's stock, valued at approximately $993,000.

Why it matters

This investment by R Squared Ltd in Norfolk Southern Corporation, a major U.S. freight railroad company, suggests the firm sees potential growth opportunities in the rail transportation and logistics services industry.

The details

R Squared Ltd, an investment management firm, disclosed in a filing with the SEC that it had acquired 3,305 shares of Norfolk Southern Corporation in the third quarter of the previous year. This new position in the railroad operator's stock was valued at approximately $993,000.

• R Squared Ltd bought the 3,305 shares of Norfolk Southern Corporation in the 3rd quarter of the previous year.