Westinghouse Air Brake Technologies Corp’s recent filing unveils that its EVP & Chief H.R. Officer Theophilus Nicole B unloaded Company’s shares for reported $0.37 million on Mar 15 ’24. In the deal valued at $140.46 per share,2,668 shares were sold. As a result of this transaction, Theophilus Nicole B now holds 24,792 shares worth roughly $3.71 million.
Then, Santana Rafael sold 40,219 shares, generating $5,655,443 in total proceeds. Upon selling the shares at $140.62, the President and CEO now owns 123,019 shares.
Before that, Schweitzer Pascal sold 6,000 shares. Westinghouse Air Brake Technologies Corp shares valued at $843,646 were divested by the President Transit at a price of $140.61 per share. As a result of the transaction, Schweitzer Pascal now holds 16,633 shares, worth roughly $2.49 million.
TD Cowen reiterated its Westinghouse Air Brake Technologies Corp [WAB] rating to a Market perform in a research note published on February 15, 2024; the price target was $130. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. BofA Securities also remained covering WAB and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on January 11, 2024. It rated WAB as “a Buy” which previously was an “a Hold”.
Price Performance Review of WAB
On Monday, Westinghouse Air Brake Technologies Corp [NYSE:WAB] saw its stock fall -0.69% to $149.46. Over the last five days, the stock has gained 3.18%. Westinghouse Air Brake Technologies Corp shares have risen nearly 17.78% since the year began. Nevertheless, the stocks have risen 54.75% over the past one year. While a 52-week high of $151.00 was reached on 04/05/24, a 52-week low of $91.89 was recorded on 01/04/24. SMA at 50 days reached $139.79, while 200 days put it at $120.07. A total of 1.0 million shares were traded, compared to the trading of 1.04 million shares in the previous session.
Levels Of Support And Resistance For WAB Stock
The 24-hour chart illustrates a support level at 148.99, which if violated will result in even more drops to 148.52. On the upside, there is a resistance level at 150.27. A further resistance level may holdings at 151.08. The Relative Strength Index (RSI) on the 14-day chart is 68.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.46%. Stochastics %K at 84.78% indicates the stock is a selling.
How much short interest is there in Westinghouse Air Brake Technologies Corp?
A steep rise in short interest was recorded in Westinghouse Air Brake Technologies Corp stocks on Mar 15, 2024, growing by 0.23 million shares to a total of 2.22 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.99 million shares. There was a rise of 10.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.04.
The most recent change occurred on January 08, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $137 price target.
