Westinghouse Air Brake Technologies Corporation’s recently made public that its Director NEUPAVER ALBERT J unloaded Company’s shares for reported $3.45 million on Nov 03. In the deal valued at $92.40 per share,37,300 shares were sold. As a result of this transaction, NEUPAVER ALBERT J now holds 626,613 shares worth roughly $ 60.42 million.
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Then, NEUPAVER ALBERT J sold 55,877 shares, generating $5,408,886 in total proceeds. Upon selling the shares at $96.80, the Director now owns 638,640 shares.
Before that, DeNinno David L sold 5,000 shares. Westinghouse Air Brake Technologies Corporation shares valued at $476,800 were divested by the Exec VP, General Counsel, Sec. at a price of $95.36 per share. As a result of the transaction, DeNinno David L now holds 68,645 shares, worth roughly $6.62 million.
Raymond James initiated its Westinghouse Air Brake Technologies Corporation [WAB] rating to an Outperform in a research note published on Monday, August 18, 2022; the price target was $103. PT values the company’s stock at a premium of 6.39 to its Monday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “an Equal-weight”. Atlantic Equities began covering WAB with “an Overweight” recommendation on May 23, 2022. Wolfe Research revised its rating on April 28, 2022. It rated WAB as “a Peer perform” which previously was an “an Underperform”.
Price Performance Review of WAB
On Monday, Westinghouse Air Brake Technologies Corporation [NYSE:WAB] saw its stock jump 1.02% to $96.42. On the same session, the stock had its day’s lowest price of $94.97, but rose to a high of $96.56. Over the last five days, the stock has gained 3.37%. Westinghouse Air Brake Technologies Corporation shares have risen nearly 4.68% since the year began. Nevertheless, the stocks have risen 2.35% over the past one year. While a 52-week high of $100.04 was reached on 03/29/22, a 52-week low of $78.26 was recorded on 07/14/22. SMA at 50 days reached $87.77, while 200 days put it at $89.58. A total of 0.67 million shares were traded, compared to the trading of 0.91 million shares in the previous session.
Levels Of Support And Resistance For WAB Stock
The 24-hour chart illustrates a support level at 95.41, which if violated will result in even more drops to 94.39. On the upside, there is a resistance level at 97.00. A further resistance level may holdings at 97.57. The Relative Strength Index (RSI) on the 14-day chart is 66.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.09%. Stochastics %K at 94.88% indicates the stock is a selling.
How much short interest is there in Westinghouse Air Brake Technologies Corporation?
A steep rise in short interest was recorded in Westinghouse Air Brake Technologies Corporation stocks on Jul 14, 2022, growing by 1.31 million shares to a total of 3.81 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.5 million shares. There was a rise of 34.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.7.
Westinghouse Air Brake Technologies Corporation [WAB] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 18,311,160 shares, or roughly 10.03% of the outstanding WAB shares. In other words, the investor’s shares have fallen by -94,942 from its previous 13-F filing of 18406102.0. Additionally, Wellington Management Co. LLP decreased -2.37% of its stake after which the total value it holdings stand at $950,375,931, while Pzena Investment Management LLC reduced -7.40% of its stake to hold $721.55 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -133,071 shares of Westinghouse Air Brake Technologies Corporation, while SSgA Funds Management, Inc. sold -224,744 shares. At present, Janus Henderson Investors US LLC is holding 5,030,628 shares valued at $409.24 million. Select Equity Group LP owned 4,184,542 shares of the company at the time of its most recent 13F filing, worth $340.41 million.
According to FactSet, Westinghouse Air Brake Technologies Corporation’s share price will average $102.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.48 percent from its previous closing price of $95.45. Analysts expect Westinghouse Air Brake Technologies Corporation stock to reach the higher price of $121.00, while the lowest price estimate is $87.00. However, 15 analysts have rated WAB stock as an Overweight in their predictions for 2022.