In a filing, Westinghouse Air Brake Technologies Corp revealed its Director NEUPAVER ALBERT J unloaded Company’s shares for reported $4.7 million on Apr 30 ’24. In the deal valued at $161.63 per share,29,100 shares were sold. As a result of this transaction, NEUPAVER ALBERT J now holds 595,412 shares worth roughly $97.06 million.
Then, Schweitzer Pascal sold 6,000 shares, generating $976,410 in total proceeds. Upon selling the shares at $162.74, the President Transit now owns 10,633 shares.
Before that, Mendonca Rogerio sold 3,965 shares. Westinghouse Air Brake Technologies Corp shares valued at $637,392 were divested by the President, Equipment Group at a price of $160.75 per share. As a result of the transaction, Mendonca Rogerio now holds 12,464 shares, worth roughly $2.03 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 jump 0.50% to $163.02. Over the last five days, the stock has lost -0.13%. Westinghouse Air Brake Technologies Corp shares have risen nearly 28.46% since the year began. Nevertheless, the stocks have risen 67.34% 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 $147.29, while 200 days put it at $124.50. A total of 1.41 million shares were traded, compared to the trading of 0.96 million shares in the previous session.
Levels Of Support And Resistance For WAB Stock
The 24-hour chart illustrates a support level at 162.46, which if violated will result in even more drops to 161.90. On the upside, there is a resistance level at 163.86. A further resistance level may holdings at 164.70. The Relative Strength Index (RSI) on the 14-day chart is 73.25, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.40%. Stochastics %K at 78.92% indicates the stock is a holding.
