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Westinghouse Air Brake Technologies Corp [WAB] Investment Appeal on the Rise

Westinghouse Air Brake Technologies Corp’s recently made public that its EVP Operations Sbrocco Gregory unloaded Company’s shares for reported $0.28 million on May 10 ’24. In the deal valued at $167.30 per share,1,646 shares were sold. As a result of this transaction, Sbrocco Gregory now holds 16,666 shares worth roughly $2.73 million.

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Then, NEUPAVER ALBERT J sold 29,100 shares, generating $4,703,456 in total proceeds. Upon selling the shares at $161.63, the Director now owns 595,412 shares.

Before that, Schweitzer Pascal sold 6,000 shares. Westinghouse Air Brake Technologies Corp shares valued at $976,410 were divested by the President Transit at a price of $162.74 per share. As a result of the transaction, Schweitzer Pascal now holds 10,633 shares, worth roughly $1.74 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 0.35% to $163.74. Over the last five days, the stock has lost -1.19%. Westinghouse Air Brake Technologies Corp shares have risen nearly 29.03% since the year began. Nevertheless, the stocks have risen 65.26% over the past one year. While a 52-week high of $170.83 was reached on 05/20/24, a 52-week low of $98.08 was recorded on 01/04/24. SMA at 50 days reached $159.35, while 200 days put it at $130.83. A total of 1.35 million shares were traded, compared to the trading of 0.77 million shares in the previous session.

Levels Of Support And Resistance For WAB Stock

The 24-hour chart illustrates a support level at 162.41, which if violated will result in even more drops to 161.09. On the upside, there is a resistance level at 164.80. A further resistance level may holdings at 165.87. The Relative Strength Index (RSI) on the 14-day chart is 47.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.45%. Stochastics %K at 13.54% indicates the stock is a buying.

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