Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Westinghouse Air Brake Technologies Corp shares valued at $374,748 were sold by Theophilus Nicole B on Mar 15 ’24. At $140.46 per share, Theophilus Nicole B sold 2,668 shares. The insider’s holdings dropped to 24,792 shares worth approximately $3.58 million following the completion of this transaction.
Also, Santana Rafael sold 40,219 shares, netting a total of over 5,655,443 in proceeds. Following the sale of shares at $140.62 each, the insider now holds 123,019 shares.
Before that, Schweitzer Pascal had sold 6,000 shares from its account. In a trade valued at $843,646, the President Transit traded Westinghouse Air Brake Technologies Corp shares for $140.61 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $2.4 million.
As published in a research note from TD Cowen on February 15, 2024, Westinghouse Air Brake Technologies Corp [WAB] has been retained to a Market perform and the price target has been revised to $130. Analysts at Redburn Atlantic downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of January 16, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for WAB. Earlier on January 11, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for WAB stock which previously was a “a Hold”.
Analyzing WAB Stock Performance
During the last five days, there has been a drop of approximately -2.33%. Over the course of the year, Westinghouse Air Brake Technologies Corp shares have jumped approximately 13.69%. Shares of the company reached a 52-week high of $151.00 on 04/05/24 and a 52-week low of $123.76 on 01/04/24. A 50-day SMA is recorded $141.93, while a 200-day SMA reached $121.68. Nevertheless, trading volume fell to 0.88 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Westinghouse Air Brake Technologies Corp (WAB)
According to the 24-hour chart, there is a support level at 143.42, which, if violated, would cause prices to drop to 142.57. In the upper region, resistance lies at 145.35. The next price resistance is at 146.42. RSI (Relative Strength Index) is 48.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.03, which suggests the price will decrease in the coming days. Percent R is at 91.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
