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Recent Insider Activity Could Benefit Westinghouse Air Brake Technologies Corp (WAB)


In a filing, Westinghouse Air Brake Technologies Corp revealed its President, Equipment Group Mendonca Rogerio unloaded Company’s shares for reported $0.64 million on Apr 25 ’24. In the deal valued at $160.75 per share,3,965 shares were sold. As a result of this transaction, Mendonca Rogerio now holds 12,464 shares worth roughly $2.03 million.

Then, Mastalerz John A Jr sold 3,749 shares, generating $609,962 in total proceeds. Upon selling the shares at $162.70, the SVP Fin, Corp Controller, CAO now owns 8,479 shares.

Before that, DeNinno David L sold 3,016 shares. Westinghouse Air Brake Technologies Corp shares valued at $487,010 were divested by the Exec VP, General Counsel, Sec. at a price of $161.48 per share. As a result of the transaction, DeNinno David L now holds 65,352 shares, worth roughly $10.67 million.

TD Cowen reiterated its Westinghouse Air Brake Technologies Corp [WAB] rating to a Hold in a research note published on April 25, 2024; the price target was $147. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid February has reiterated a ‘”a Market perform”‘ rating for it. Redburn Atlantic also remained covering WAB and has decreased its forecast on February 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on January 16, 2024. It rated WAB as “a Buy” which previously was an “a Neutral”.

Price Performance Review of WAB

On Monday, Westinghouse Air Brake Technologies Corp [NYSE:WAB] saw its stock fall -0.69% to $163.23. Over the last five days, the stock has gained 12.04%. Westinghouse Air Brake Technologies Corp shares have risen nearly 28.63% since the year began. Nevertheless, the stocks have risen 67.00% over the past one year. While a 52-week high of $167.49 was reached on 04/24/24, a 52-week low of $91.89 was recorded on 01/04/24. SMA at 50 days reached $144.73, while 200 days put it at $123.27. A total of 1.6 million shares were traded, compared to the trading of 3.77 million shares in the previous session.

Levels Of Support And Resistance For WAB Stock

The 24-hour chart illustrates a support level at 161.97, which if violated will result in even more drops to 160.71. On the upside, there is a resistance level at 164.29. A further resistance level may holdings at 165.35. The Relative Strength Index (RSI) on the 14-day chart is 78.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.54%. Stochastics %K at 83.95% indicates the stock is a selling.

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